Cushman & Wakefield Brokers Facilitate $18M Hotel Sale In Los Angeles

The Mama Shelter Hotel located at 124 East Olympic Boulevard in Los Angeles has been sold for a total price of $18,000,000. The hotel spans an area of 70,744 square feet, resulting in a price per square foot of $254. The property was acquired by Kevin Wadhwani from the seller, Jamison Services.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $18,000,000
• Address: 124 East Olympic Boulevard
• Market: Los Angeles
• Square Footage: 70,744
• Price per Square Foot: $254

The deal was facilitated by the brokers Mike Condon Jr, Erick Finck, Mckenna Gaskill, Connor Martin, and Rob Hooks of Cushman & Wakefield, who represented both the buyer and the seller in the transaction. They played a crucial role in ensuring a smooth and successful deal.