Denley Investment is planning a Hollywood hotel complex

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.


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