Beverly Pavilion Hotel Offered for Sale

19th Aug 2004

On behalf of Starwalk Partners, LP, Jones Lang LaSalle Hotels has been selected to exclusively market for sale the eight-story, 110-room Beverly Pavilion Hotel, situated several blocks from the world-renowned intersection of Rodeo Drive and Wilshire Boulevard in the heart of the Beverly Hills “Golden Triangle.”Ê The hotel features a one-of-a-kind rooftop pool and terrace with 360 degree views of west Los Angeles, modern building infrastructure, leaseable restaurant and ample parking. The property is unencumbered by brand and management. “The Beverly Pavilion is a diamond in the rough. Given its excellent physical characteristics and the consistently strong performance of the upscale, boutique hotel market in Beverly Hills, this deal offers tremendous upside potential through a comprehensive renovation and repositioning,” said John Strauss, vice president, Jones Lang LaSalle Hotels.,

“Given the high barriers-to-entry in this market, this property represents one of the most appealing Los Angeles-area hotel investment opportunities in the recent past,” added Arthur Buser, managing director for Jones Lang LaSalle Hotels in Los Angeles. “The Beverly Pavilion’s excellent location presents a unique opportunity for first-time investors to penetrate the tight Los Angeles hotel market or for existing owners to gain critical mass in the market.” ,


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