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Home Finance City of Los Angeles to Pay $60MM for 294-Room Mayfair Hotel as Part of Inside Safe Initiative
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City of Los Angeles to Pay $60MM for 294-Room Mayfair Hotel as Part of Inside Safe Initiative

August 22, 20232 Mins read897
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(EDITOR’S NOTE: According to industry reports, the City will pay $60 million, or approximately $204,081 per room, for the hotel and plans to spend an additional $23 million on renovations.) LOS ANGELES – The City Council today approved the purchase of the Mayfair Hotel, which will provide desperately needed permanent interim housing infrastructure to bring […]

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