Denley Investment is planning a Hollywood hotel complex

A conversion and a new construction would bring 262 rooms to the area

Los Angeles /
Sep.September 11, 2018 10:05 AM
The corner lot on Hollywood Boulevard and McCadden Place

The appetite for hotels in Los Angeles appears unending.

In Hollywood, local developer Denley Investment & Management is planning a hotel complex, converting a seven-story office building into a 94-room hotel, and constructing a 12-story hotel with 168 rooms.

The property is located at 6751-6763 W. Hollywood Boulevard, with the existing office building on the corner of McCadden Place. Its ground floor is home to the Museum of Broken Relationships.

The new building appears to be set to replace low-rise commercial spaces.

The properties last sold in 1996, although records don’t indicate when exactly Denley became involved.

Hollywood has seen a boom in hotel development in recent years, as has L.A. itself.

Relevant Group has been the most active with four projects in the neighborhood. So far, it has completed one — the 178-key Dream Hollywood. In June it filed plans for the Selma Hotel next door to the Dream Hollywood.

Restaurateur Adolfo Suaya got in on the action in May, filing plans for the 134-key Whiskey Hotel, aptly named for its whiskey-themed minibars. MP Los Angeles is weighing a 220-room hotel for its $1 billion Hollywood Center. A long-stalled hotel project by R.D. Olson Development on Sunset Boulevard showed signs of movement in August.

Denley Investment Management is run by Mehdi Bolour. Bolour took some heat from local officials in Claremont, a city near Rancho Cucamonga, last year for not moving on a planned mixed-use development there. The city voided approvals for the projects after a serious of delays, disagreements and lack of communication from the firm. Denley accused Claremont of not responding quickly enough to requests for approvals for elements of the project, according to the Claremont Courier.


Related Articles

arrow_forward_ios
The CitizenM hotel in Los Angeles (Booking)
California starts to refill hotel development pipeline
California starts to refill hotel development pipeline
Distress specialist buys Santa Barbara hotel
Distress specialist buys Santa Barbara hotel
Distress specialist buys Santa Barbara hotel
A rendering of 10130-10136 Adella Avenue and Newport Ventures’ Dave Mossman and Kemp Bros. Construction's Greg Solaas (LinkedIn, Kemp Bros., CBRE)
South Gate lot entitled for 78 resi units up for sale
South Gate lot entitled for 78 resi units up for sale
HQ Creative Office aims live up to name in Hollywood
HQ Creative Office aims live up to name in Hollywood
HQ Creative Office aims live up to name in Hollywood
An illustration of the proposed seven-story tower at Sunset Boulevard and Vine Street in Hollywood (TCA Architects)
Sares Regis plans apartments, ground floor retail in Hollywood
Sares Regis plans apartments, ground floor retail in Hollywood
Netflix co-CEOs Ted Sarandos and Reed Hastings and Denny’s at 1522 Van Ness Avenue (Getty, iStock)
Netflix buys Denny’s restaurant in Hollywood
Netflix buys Denny’s restaurant in Hollywood
Neil Shekhter, WS Communities CEO Scott Walter and 1550 Lincoln Boulevard
Shekhter’s WSC gets $125M loan for LA resi developments
Shekhter’s WSC gets $125M loan for LA resi developments
Rob Speyer (President, Chief Executive Officer, Tishman Speyer) & Neil Shekhter (Founder, Chief Executive Officer, NMS Properties) (iStock, Tishman Speyer, NMS Properties, Illustration by Kevin Cifuentes for The Real Deal)
Tishman Speyer to build 620 units on Santa Monica sites
Tishman Speyer to build 620 units on Santa Monica sites
arrow_forward_ios

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

Loading...