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900 Hammond Street

Jon Bortz Of Pebblebrook Hotel Trust Sells Montrose At Beverly Hills Hotel For $44.25M
SOLDHotel

Jon Bortz Of Pebblebrook Hotel Trust Sells Montrose At Beverly Hills Hotel For $44.25M

900 Hammond Street

$44,250,000

Building Size

Asset Type

Hotel

Closing

Nov 19, 2025

AI

The Montrose at Beverly Hills is a 133-room hotel located at 900 Hammond Street in the West Hollywood market. The property was sold for $44,250,000, which represents a price per key of $332,707. The transaction reflects a 16.1x EBITDA multiple and a 5.2% NOI cap rate.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $44,250,000
  • Address: 900 Hammond Street - Montrose at Beverly Hills
  • Market: West Hollywood
  • Seller: Jon Bortz - Pebblebrook Hotel Trust
  • Keys: 133
  • PPK: $332,707
  • EBITDA Multiple: 16.1x
  • NOI Cap Rate: 5.2%

Pebblebrook Hotel Trust, represented by Jon Bortz, plans to utilize the proceeds from the sale for corporate purposes, including debt reduction and share repurchases, without altering its outlook for 2025.

Players

Jon Bortz

Pebblebrook Hotel Trust

Seller

$1B

vol

9 deals

Seller
Pebblebrook Hotel Trust
Pebblebrook Hotel TrustSeller

West Hollywood 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

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93