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Woodbine Development Corp. Acquires Culver City Hotel For $151.5M

Property Image
SOLD
$151,500,000

California

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Hotel255,000 SF
Sold 07/11/2018
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Property Image
SOLD

Woodbine Development Corp. Acquires Culver City Hotel For $151.5M

6161 West Centinela Avenue, Culver City, CA 90230, USA

See Similar Deals
Hotel255,000 SF
Sold 07/11/2018
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$594
Total Square Footage:255,000 SF
Transaction Type:Sale

The hotel located at 6161 W. Centinela Ave in Culver City, Los Angeles, has been sold for a total price of $151,500,000. The property spans across 255,000 square feet, resulting in a price per square foot of $594. The seller of the hotel was Carlyle Group of Washington, D.C., while the buyer was Woodbine Development Corp.

Summary of transaction details:

  • Property Type: hotel
  • Transaction Amount: $151,500,000
  • Address: 6161 W. Centinela Ave, Los Angeles
  • Market: Culver City
  • Size: 255,000 square feet
  • Price per Square Foot: $594

Patrick Deming and Andrew Holt of Eastdil Secured served as the brokers representing the seller, while Woodbine Development Corp. represented themselves as the buyer during the transaction.

Players

Andrew Holt
Eastdil Secured
Andrew Holt
1 deal$151.5M volume
BROKER
Carlyle Group
Carlyle Group
SELLER

Details

SOLD
IMAGE: Patrick Deming, William E. Conway, Jr. and Andrew Holt DATE: 07/11/2018 ADDRESS: 6161 W. Centinela Ave CITY: Los Angeles MARKET: Culver City ASSET TYPE: hotel PRICE: $151,500,000 SF: 255,000 PPSF: $594 SELLER: Carlyle Group of Washington, D.C. BUYER: Woodbine Development Corp. BROKERS: Patrick Deming and Andrew Holt of Eastdil Secured represented the seller in the transaction. Woodbine was self-represented.

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