Oaktree Capital Management & Trinity Fund Advisors Acquire Hollywood Hotel For $197M
6250 Hollywood Boulevard, Los Angeles, California 90028, United States
$197,000,000
$26,578/SF
Building Size
7,412 SF
Asset Type
Hotel
Closing
Dec 21, 2021
AI
The Hollywood hotel located at 6250 Hollywood Boulevard has been sold in a recent transaction. The property, which is situated in the vibrant Hollywood market, is a hotel asset.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $197,000,000
- Address: 6250 Hollywood Boulevard
- Market: Hollywood
The buyer of the hotel is Oaktree Capital Management & Trinity Fund Advisors, while the seller is Host Hotels & Resorts, represented by James F. Risoleo.
The transaction was closed on 12/21/2021, with a total of 305 keys included. The price per key (PPK) for this hotel property is $645,901.
Players
Los Angeles 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