Kazushi Motoya Of APA Group Acquires Kimpton La Peer Hotel In West Hollywood For $63M

The hotel asset involved in this transaction is the 105-room Kimpton La Peer, located at 627 North La Peer Drive in West Hollywood, CA. The property was sold for $63 million, translating to a price per key (PPK) of $600,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $63,000,000
• Buyer: Kazushi Motoya - APA Group
• Seller: Ben Rowe - KHP Capital Partners
• Brokers: Tony Malk, Greg Morgan & Griffin Garbarini - Newmark
• Keys: 105
• PPK: $600,000

This transaction marks a significant acquisition for APA Group, as they aim to expand their presence in the U.S. market. KHP Capital Partners successfully executed the sale, and the deal was facilitated by the experienced brokerage team from Newmark.