Oaktree Capital Management & Trinity Fund Advisors Acquire Hollywood Hotel For $197M
SOLD
$197,000,000
California
See Similar DealsHotel7,412 SF
Sold 12/21/2021
SOLD
Oaktree Capital Management & Trinity Fund Advisors Acquire Hollywood Hotel For $197M
6250 Hollywood Boulevard, Los Angeles, California 90028, United States
See Similar DealsHotel7,412 SF
Sold 12/21/2021
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$26,578
Total Square Footage:7,412 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$10,506,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$699,899.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$933,880.50
Annual Debt Service$11,206,566.06
Is there something missing? Send suggestions