Developer plans to add a hotel and hundreds of residences to L.A. Live

Developer plans to add a hotel and hundreds of residences to L.A. Live

The owners of Crypto.com Arena and L.A. Live in downtown Los Angeles have filed plans with the city to potentially add another tower to their multibillion-dollar sports and entertainment complex. AEG last... Read more »
Slate, Breaking Ground Acquire Stewart Hotel; Will Become Affordable Complex

Slate, Breaking Ground Acquire Stewart Hotel; Will Become Affordable Complex

Slate Property Group and nonprofit Breaking Ground have completed the $255-million acquisition of the Stewart Hotel at 371 Seventh Ave., across from New York Penn Station in Midtown Manhattan. A hotel-to-residential conversion project to deliver... Read more »
Hollywood Park’s Kali Hotel Secures 5M Financing

Hollywood Park’s Kali Hotel Secures $195M Financing

CommLoan has structured $195 million in financing with Bank of America for the Kali Hotel at E. Stanley Kroenke’s Hollywood Park in Inglewood. The luxury property is the only hotel permitted within the 300-acre mixed-use... Read more »
JV of Leyad, Capstone Acquires Hell’s Kitchen Hotel at 5K Per Key

JV of Leyad, Capstone Acquires Hell’s Kitchen Hotel at $275K Per Key

Leyad, a real estate investment firm based in Canada, has acquired the Ink48 Hotel in Midtown Manhattan’s Hell’s Kitchen neighborhood in a 50/50 joint venture with locally based private equity firm Capstone Equities.... Read more »
Former Ace Hotel in downtown L.A. reopens as ‘Airbnb on steroids’

Former Ace Hotel in downtown L.A. reopens as ‘Airbnb on steroids’

The former Ace Hotel in downtown Los Angeles, which helped lead an economic revival on a historic stretch of Broadway a decade ago, has reopened as a minimal-service operation akin to Airbnb,... Read more »
Las Vegas’ Mirage Hotel & Casino pays out final jackpots: .6 million

Las Vegas’ Mirage Hotel & Casino pays out final jackpots: $1.6 million

Loose slots will take on a different meaning in the final week of the landmark Mirage Hotel & Casino. Before the 34-year-old Las Vegas Strip institution permanently shuts its doors on July... Read more »
Ty Warner’s Four Seasons Hotel NY Reopens As City’s Priciest Stay

Ty Warner’s Four Seasons Hotel NY Reopens As City’s Priciest Stay

The hotel is reestablishing itself as the city’s priciest hotel, with rates reaching $80,000 per night for its opulent Ty Warner penthouse suite, the “New York Post” reported Thursday. Whether it’s refining... Read more »
Kali Hotel Slated to Open in 2026 at Hollywood Park

Kali Hotel Slated to Open in 2026 at Hollywood Park

KPC Development Company has launched Kali Hotel and Rooftop, Autograph Collection, a lifestyle hotel at Hollywood Park in Inglewood. Located at 3737 Stadium Dr., the 300-key hotel reportedly is the only hotel permitted within the... Read more »
Sixty Collective Again Extends Loan on Beverly Hills Hotel

Sixty Collective Again Extends Loan on Beverly Hills Hotel

Sixty Collective keeps collecting extensions on a $38 million loan tied to its Sixty Beverly Hills hotel. The New York-based hospitality firm run by brothers Jason, Larry and Michael Pomeranc secured its... Read more »
Shopoff OK to Build Homes and Hotel in Huntington Beach

Shopoff OK to Build Homes and Hotel in Huntington Beach

Shopoff Realty Investments got the nod to build 250 homes and a 215-room boutique hotel atop a former oil tank farm in Huntington Beach. The Irvine-based developer led by Bill Shopoff was... Read more »