Loews Beverly Hills Hotel Sold
BEVERLY HILLS, CA, February 24, 2006. The 137-room Loews Beverly Hills Hotel has been sold to west Los Angeles-based investment firm Morning View Hotels - Beverly Hills, LLC, an Atlantic Pearl affiliate.
Jones Lang LaSalle arranged the sale of the hotel on behalf of SHC Beverly Hills II, LLC, a private company whose principal shareholders are affiliates of Goldman, Sachs & Co and investors advised by Prudential Real Estate Investors.
The hotel is expected to be renovated and repositioned as an upscale, boutique hotel.
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