Hospitality
Sofitel Hotel in Beverly Hills Acquired for $96MM
(EDITOR’S NOTE: The asset is located at 8555 Beverly Blvd. According to sources familiar with the deal, the property sold for $96 million,...
$61.5MM Refinancing Secured for 200-Key Hyatt Hotel at USC Health Sciences Campus
Los Angeles – Oct. 12, 2021 – CBRE announced today the $61.5 million refinancing of the leasehold interest for the Hyatt House Los...
Pacifica Companies Purchases 34-Key Boutique Hotel in Cambria for $10.5MM
(EDITOR’S NOTE: According to sources familiar with the transaction, the property was sold for $10.5 million, or approximately $308,823 per room.) SAN DIEGO,...
115-Key Boutique Hotel in Anaheim Hits Market for $25MM
By Catherine Sweeney The hotel industry in Southern California continues to pick up as tourism across the state improves. With that, the industry...
CIM Group Debuts 48-Room Boutique Hotel in West Adams
LOS ANGELES — CIM Group announced today the debut of Alsace LA, a Southern California-inspired 48-room boutique hotel that brings a contemporary hospitality...
Los Angeles-Based Tech Company Provides Unique Platform for Recovering Hotel Industry
By Catherine Sweeney While recent downturns in the economy have caused challenges for those in the hotel industry, one Los-Angeles based tech company...
LA Clippers to Announce Partnership with Intuit During Groundbreaking for Intuit Dome
Long-term partnership between Intuit and Clippers will use innovation to drive one-of-a-kind fan and customer experience while delivering economic benefits for local community...
AWH Partners Acquires 461-Key Anaheim Hotel for $51MM
(EDITOR’S NOTE: According to public records that were recently made available, the property was sold for $51 million, or approximately $110,629 per room.) ...
Foley Group Acquires 121-Key Luxury Hotel in Santa Barbara for $103MM
(EDITOR’S NOTE: According to public records, the property was sold for $102,896,500, or approximately $850,000 per room. The property was sold by an...
1.9MM SQFT Mixed-Use Development Receives Approval from Downtown Los Angeles Neighborhood Council
LOS ANGELES — Angels Landing has earned the support of the Board of Directors of the Downtown Los Angeles Neighborhood Council (DLANC). Richard...
Timberlane Partners Acquires 95-Key Boutique Hotel in Los Angeles for $38.4MM
By Catherine Sweeney After the COVID-19 pandemic challenged Southern California’s hotel industry, the region is bouncing back with a record amount of hotel...
Hilton’s Luxury Brand to Open 305-Room Conrad Los Angeles
MCLEAN, Va. – Conrad Hotels & Resorts, one of Hilton’s (NYSE: HLT) luxury hotel brands, today announced its debut in California with the signing of...
