Reuben Brothers Acquire 190-Key Edition Hotel In West Hollywood From Witkoff For $211M

The asset involved in this transaction is a 190-key hotel located at 9040 West Sunset Boulevard, positioned in the West Hollywood market, California. The property was acquired through a deed in lieu of foreclosure following a default on approximately $211 million in debt by an entity connected to Witkoff Group.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not specified
• Address: 9040 West Sunset Boulevard
• Market: West Hollywood, CA
• Keys: 190
• Buyer: Simon Reuben & David Reuben - Reuben Brothers
• Seller: Steve Witkoff & Alex Witkoff - Witkoff

The Reuben brothers became the property's lenders by acquiring the debt, ultimately completing the takeover of the hotel, which was originally co-developed by Witkoff Group and New Valley.