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360 N Rodeo Dr, Beverly Hil...

Updated Sep 30, 2024

The Harkham Family Sells Property At 360 N Rodeo Dr Beverly Hills For $200 Million
SOLDHotel

The Harkham Family Sells Property At 360 N Rodeo Dr Beverly Hills For $200 Million

360 N Rodeo Dr, Beverly Hills, CA, 90...

$200,000,000

Building Size

—

Asset Type

Hotel

Closing

Dec 15, 2021

About this deal

AI

360 N Rodeo Dr, Beverly Hills, CA was sold in a transaction valued at $200,000,000. The property is situated in the Beverly Hills market and has a square footage of 0.

Summary of transaction details:

The transaction involved key players from JLL and Newmark, with multiple representatives engaged in facilitating the sale. Houman Mahboubi, James Stockdale, and John Strauss from JLL represented the seller, while brokers Marc Schillinger from JLL and Jay Luchs from Newmark were crucial in the deal, contributing their expertise in the Beverly Hills market.

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$200,000,000

Hotel

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Players

Jay Luchs

Newmark

Broker

$2.1B

vol

47 deals

Broker
KBC Advisors
KBC AdvisorsBrokerage
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Beverly Hills Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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