Pebblebrook Divests West Hollywood Hotel for M

Pebblebrook Divests West Hollywood Hotel for $43M

Pebblebrook Hotel Trust completed the sale of the 115-key Chamberlain West Hollywood Hotel to an undisclosed third party for $43.5 million. The buyer provided partial consideration for the hotel in the form... Read more »
Marriott Hotel in Receivership After  Million Default

Marriott Hotel in Receivership After $45 Million Default

A hotel about a half-mile away from LAX’s entrance was placed in receivership, according to court documents dated late May.  The court appointed GF Hotels and Resorts’ Jeff Kolessar as the receiver... Read more »
Negari Buys Second WeHo Pebblebrook Hotel

Negari Buys Second WeHo Pebblebrook Hotel

Pebblebrook just announced that it sold another WeHo hotel, but left the buyer a mystery.  My kneejerk reaction: Is it Daniel Negari, again? I recently profiled Negari for TRD’s monthly magazine —... Read more »
Dauntless Capital Partners Sells Pasadena Hotel

Dauntless Capital Partners Sells Pasadena Hotel

Dauntless Capital Partners sold a hotel in Old Town Pasadena for $65 million, or about $451,000 a room, The Real Deal has learned. The buyer is little-known David Lee of Cornerstone Hotel... Read more »
Historic Mission Inn Hotel Sells to Native American Tribe

Historic Mission Inn Hotel Sells to Native American Tribe

A Southern California Native American tribe is adding a crown jewel to its hospitality lineup. The Yuhaaviatam of San Manuel Nation is in contract to acquire the 238-room Mission Inn Hotel &... Read more »
Church of Scientology Buys Distressed Hollywood Hotel

Church of Scientology Buys Distressed Hollywood Hotel

The former home of the Mama Shelter hotel in Hollywood has traded out of distress to a well-known deep-pocketed player in the neighborhood.  An entity tied to the Church of Scientology purchased... Read more »
Controversial hotel and housing complex approved in West Hollywood

Controversial hotel and housing complex approved in West Hollywood

A controversial housing and hotel complex that will stand out on Santa Monica Boulevard in West Hollywood got the go-ahead from the City Council. Saying their hands were tied by state laws... Read more »
Berkadia Handles Receivership Sale of Hollywood Hotel

Berkadia Handles Receivership Sale of Hollywood Hotel

Berkadia arranged the receivership sale of a 70-key boutique Hollywood hotel for an undisclosed amount. Senior managing director Scott Hall and senior director Aaron Lapping of Berkadia Hotels & Hospitality, along with... Read more »
Faring Capital Gets Approval for West Hollywood Hotel

Faring Capital Gets Approval for West Hollywood Hotel

The West Hollywood City Council has voted 4–1 to advance the Bond Hotel and Residences, a mixed‑use development at 7811 Santa Monica Boulevard, despite strong opposition from some residents. The development by... Read more »
Miami’s Mandarin Oriental Hotel Razed, 66-Story Tower on Way

Miami’s Mandarin Oriental Hotel Razed, 66-Story Tower on Way

Rubble is all that’s left of the once-vaunted Mandarin Oriental hotel in Miami. Swire Properties demolished the hotel at 500 Brickell Key Drive on Sunday. The 23-story luxury hotel fell in less... Read more »