Stockdale Capital Partners Acquires Santa Monica Hotel From Columbia Sussex For $75M

1740 Ocean Avenue in Santa Monica has been sold in a recent transaction. The property, which is a hotel, was sold by seller Columbia Sussex to buyer Stockdale Capital Partners, represented by Shawn & Steven Yari. The sale price for this transaction was $75,000,000. The hotel consists of 1,175 keys with a price per key of $63,829.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $75,000,000
• Address: 1740 Ocean Avenue
• Market: Santa Monica

Shawn & Steven Yari of Stockdale Capital Partners were the buyers in this transaction, while Columbia Sussex served as the seller. The sale of this property highlights the strong activity in the Santa Monica market and the interest in hotel assets.