The Hollywood hotel located at 6417 Selma Ave has recently undergone a closed transaction. The property is a hotel with 178 units and a total square footage of 139,000. The deal involved a loan from Wells Fargo in the amount of $61,000,000, with a fixed-rate agreement for a term of three years. The hotel is owned by Relevant Group, specifically Richard Heyman and Grant King.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $61,000,000
• Address: 6417 Selma Ave
• Market: Hollywood
• Units: 178
• Square Footage: 139,000

In terms of lease agreements, the majority of the hotel's space is leased by Tao Group, including notable establishments such as The Highlight Room, Beauty Essex LA, Tao LA, and Avenue LA. These spaces have been designed by the Rockwell Group. Additionally, Luchini Pizzeria, designed by Studio Collective, also occupies a portion of the hotel.