Robert Mayer Of Mayer Corporation Sells Hyatt House Hotel In El Segundo For $29M

A 200-room hotel located at 810 South Douglas Street in El Segundo, known as Hyatt House, was sold for $29 million. This transaction translates to approximately $145,000 per key. The five-story asset, situated near LAX, was developed by Mayer Corporation and initially financed with a loan from Westbrook Partners before facing foreclosure.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $29,000,000
• Address: 810 South Douglas Street
• Market: El Segundo
• Seller: Robert Mayer - Mayer Corporation
• Keys: 200
• PPK: $145,000

The sale of Hyatt House signifies a notable event in the real estate market, led by seller Robert Mayer representing Mayer Corporation. The hotel continues operations under the Hyatt House brand despite the ownership change.