Off-market boutique hotel sale located on the popular West Third Street shopping and dining corridor, just steps away from the Beverly Center in the Beverly Grove neighborhood of Los Angeles.
Location
Los Angeles, CA
Property Type
Hotels
Sq. Feet
56,136
Rooms
95
Transaction Details
Kennedy Wilson Brokerage facilitated the sale of The Orlando Hotel, a 95-key property built in 1984, located on the southeast corner of West Third Street and Orlando Avenue in Los Angeles, just one block east of the Beverly Center. The 56,136-square-foot hotel was renovated in 1996 and features a 6,400-square-foot ground floor restaurant with patio, covered porte-cochère and pool.
Sale Price: $38,500,000 ($405,263 per key)