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
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