AJ Patel Acquires Hotel From Bankruptcy Court In Beverly Hills For $14 Million

The hotel asset located at 120 Reeves Drive in Beverly Hills has been sold for $14,000,000. This property spans 15,877 square feet, translating to a price per square foot of approximately $881. It marks the first hotel sale in Beverly Hills since 2021.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $14,000,000
• Address: 120 Reeves Drive
• Market: Beverly Hills
• Square Footage: 15,877
• Price Per Square Foot: $881
• Buyer: AJ Patel
• Seller: Bankruptcy Court
• Broker: Eddy Nevarez, Marcus & Millichap

Eddy Nevarez, representing Marcus & Millichap, has over 15 years of expertise in hotel investments and is noted for being the first female to reach the Chairman Circle of Excellence at the agency within 52 years. For hotel inquiries, he can be contacted at 818-339-6506.