Rockwood Capital and HEI Hotels sell Glendale Hilton for $73.5M

Buyer is Arcadia-based real estate firm Kam Sang Co. Inc.

Los Angeles /
Aug.August 08, 2017 09:30 AM
Rockwood Capital and HEI Hotels & Resorts have checked out of the Hilton Los Angeles North hotel in Glendale.

The joint venture sold the 351-room property for $73.5 million, or $209,352 per room, to Arcadia-based real estate development company Kam Sang Co. Inc.

Rockwood and HEI bought the 1.76-acre site in 2014 for $51.6 million, or $147,429 per room, the Los Angeles Business Journal reported. 

Built in 1982, the 19-story hotel at 100 W. Glenoaks Boulevard was last renovated in 2015.

Kam Sang owns several other hotels in Los Angeles including the 272-room Embassy Suites Glendale and the 195-room Courtyard Marriott in Baldwin Hills, according to Real Capital Analytics, which estimates the firm’s holdings at about $1.3 billion. [LABJ] — Subrina Hudson


Related Articles

arrow_forward_ios
Renderings of The Star
The Star, a $500M office tower project, looks to light up Hollywood
The Star, a $500M office tower project, looks to light up Hollywood
The Boyd Street fire in May, 2020 (Getty)
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
(Getty Images)
SoCal’s “Space Beach” is ready for liftoff
SoCal’s “Space Beach” is ready for liftoff
Clockwise from top left: Kilroy Realty CEO John Kilroy, Boston Properties CEO Owen Thomas, TMG Partners CEO Michael Covarrubius and Eastdil Secured CEO Michael Van Konynenburg (Kilroy, LinkedIn via Thomas, TMG Partners, LinkedIn via Van Konynenburg, Getty)
“We gotta get people back to the office”: West Coast landlord execs press for return
“We gotta get people back to the office”: West Coast landlord execs press for return
Oxford Properties CEO Michael Turner and the campus (Oxford)
Oxford moves into LA with $134M industrial buy
Oxford moves into LA with $134M industrial buy
Post-production campus in Burbank sells for $37M
Post-production campus in Burbank sells for $37M
Post-production campus in Burbank sells for $37M
G6 Hospitality CEO Rob Palleschi and Motel 6 San Jose South, one of the largest assets in the portfolio (G6)
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Sares-Regis Group CEO Rob Wagner and Huntington Gateway
Sares Regis inks tenant for 434K sf unfinished Orange County site
Sares Regis inks tenant for 434K sf unfinished Orange County site
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...