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FinanceHospitalityLos Angeles

Church of Scientology Lands Distressed Mama Shelter Hollywood Hotel for $16MM

The 70-room property changed hands at $229,000 per key after a $13.3 million CMBS loan went into default, drawing 13 bidders to a...

Hotel pool with palm trees and seating area
FeaturedFinanceHospitalityIndustry News

California Hotel Market Shows Mixed Signals in First Half as Foreclosure Sales Drove Activity

Transaction volume declines while dollar values rise amid continued buyer-seller disconnect California’s hotel sales market presented a complex and often contradictory picture in...

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