After it was recently delivered in the fall of 2021, the Godfrey Hotel Hollywood is trading hands. Public records show that the property was sold to New York-based Related Companies for $114 million, or roughly $518,181 per room. The seller in the transaction was a joint venture between Goldman Sachs and Oxford Properties, which developed the property.
Located at 1400 Cahuenga Boulevard, just one block from Sunset Boulevard, the property features 220 hotel rooms and a number of onsite amenities.
The property is home to several food & beverage facilities, including restaurant and bar space ALK. Additionally, the property features a courtyard event space and a 12,000 square-foot rooftop, with a 70-foot projection video wall, two bars, a swimming pool and fire pits.
The property is also located near a number of retail, dining and entertainment amenities. With its central Hollywood location, guests at the hotel also have easy access to attractions and cultural institutions, like the Hollywood Walk of Fame, the Dolby Theatre, the Capitol Records building and more.
“The hotel is truly central to Hollywood – surrounded by numerous dining options beloved by locals and world-famous attractions and entertainment venues ideal for visitors looking for a quintessential LA experience,” George Jordan, president of Oxford Hotels & Resorts, said at the time the hotel was built.
Related Companies was founded approximately 50 years ago. Since then, the company has expanded throughout California as well as across the county. In California, the company has developed more than 18,000 residences and currently has more than 5,200 affordable and 7,600 market rate units in the pre-development stages. In total, the company’s portfolio is valued at approximately $60 billion.
