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Two Boutique Hotels – LA

Category: Member Offerings

No Bailout needed at these hotspots Business is BOOMING!

Los Angeles, CA

Off Market Boutique Hotel

Los Angeles, CA

Off Market Boutique Hotel

Location: High End/Trendy Area of LA

Asking Price: $10.1 M

Current Cap: 9.5%

Occupancy: 65%

Rating: 3 Stars

Rooms: 28

Hotel performance 1-1-08 through 8-31-08

( detailed P&L will be available after LOI and proof of funds.)

-Total gross income: $860,000 / Estimated yearly: $1,300,000

-NOI: $650,000 / Estimated yearly: $ 975,000

Current improvements – We are in a continuing effort to improve the property and income, we recently received a liquor license which will enhance the income, made some changes to the common areas, added a unique removable court-yard cover with a removable skylight, created a more luxury ambiance and improved the marketing connections and agencies.

Hotel has been open for business since 10-1-07 after 8 months of complete remodeling.

Location – The hotel is located in the most desirable west-side, close to all major movie industries production facilities (Fox, Sony, MTV etc.) between Beverly Hills, Century City, Santa Monica, West wood Village, Brent wood. Walk to the West-side pavilion Mall, with Landmark movie complex (largest independent movie complex in the country, owned by billionaire Mark Cuban), Walk to many restaurants and night life places.

Easy access to the 405 and 10 Freeways.

Upside: The hotel just obtained their liquor license, which should have a significant impact on NOI. Call for details.

Builder Closeout 131 Units 30% LTV - SOLD

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