Woodbine Development Corp. Acquires Culver City Hotel For $151.5M

The hotel located at 6161 W. Centinela Ave in Culver City, Los Angeles, has been sold for a total price of $151,500,000. The property spans across 255,000 square feet, resulting in a price per square foot of $594. The seller of the hotel was Carlyle Group of Washington, D.C., while the buyer was Woodbine Development Corp.

Summary of transaction details:

• Property Type: hotel
• Transaction Amount: $151,500,000
• Address: 6161 W. Centinela Ave, Los Angeles
• Market: Culver City
• Size: 255,000 square feet
• Price per Square Foot: $594

Patrick Deming and Andrew Holt of Eastdil Secured served as the brokers representing the seller, while Woodbine Development Corp. represented themselves as the buyer during the transaction.