Rams’ Kroenke pays $23.8M for penthouse at Maybourne Beverly Hills

Penthouse second unit at luxe hotel in Golden Triangle for billionaire and wife, Ann Walton Kroenke

Los Angeles /
Oct.October 08, 2021 03:49 PM
Enos Stanley Kroenke, Owner of the Los Angeles Rams; The Maybourne Beverly Hills, 225 N Canon Dr. (Getty Images; The Maybourne Beverly Hills)

Los Angeles Rams owner Stan Kroenke now has two units at the exclusive Maybourne Beverly Hills condominium building that’s part of the luxe hotel by the same name in the city’s Golden Triangle.

The buy came a decade after Kroenke got his first condo at the 20-unit building at 225 N. Canon Drive. The latest deal was for a penthouse sold by L.A. Fitness founder Louis Welch and his wife, Michu, according to Dirt.

The 4,900-square-foot unit cost Kroenke and his wife, Anne Walton Kroenke, $23.8 million. It’s a record price for the Maybourne Beverly Hills–beating the previous mark set when the Welches bought the same penthouse in 2017 for $19.7 million.

It’s also more than twice what the Kroenkes paid in 2011 for their three-bedroom unit at the complex.

Their new unit has four bedrooms and five bathrooms. The deal was made off-market, so there are no photos available of the unit. The building includes a spa facility, a five-star restaurant, rooftop swimming pool, and reservation-only bars.

Kroenke built his fortune, now estimated to be around $10.7 billion, through commercial real estate development. He and his wife also inherited a now-multibillion dollar stake in Walmart from her father, part of the founding generation of a family business that grew into the retail giant.

They couple also has amassed several hundreds of thousands of acres of working ranch land over the years.

The Kroenkes began investing in sports teams in the mid-1990s, starting with the NFL’s Rams. They bought the team after it had moved from Los Angeles to their then-hometown of St. Louis. They moved the franchise back to L.A. in 2016.

Kroenke developed the recently opened SoFi Stadium in Inglewood as the Rams’ home field. The facility also hosts the Los Angeles Chargers, and is slated for various A-list sports events, including the next Super Bowl.

They and family members also own interests in various other franchises, including the Denver Nuggets and Colorado Avalanche of the NBA and NHL, respectively, along with several teams in smaller leagues and London’s Arsenal F.C.

The Golden Triangle is a particularly toney section of Beverly Hills bounded by Santa Monica Boulevard, Wilshire Boulevard and Crescent Drive. It includes the prestigious Rodeo Drive shopping district, along with other well-known shops and restaurants.

The Maybourne Beverly Hills was previously a Montage Hotel until late 2019.

[Dirt] — Dennis Lynch





    Related Articles

    arrow_forward_ios
    California Association of Realtors' Jennifer Branchini, Beverly Hills mayor Lili Bosse (Linkedin, Getty)
    Builder’s remedy test case heats up in Beverly Hills
    Builder’s remedy test case heats up in Beverly Hills
    Jennifer Lopez and 1492 Stone Canyon Road in Los Angeles
    J.Lo lists French Country-style estate in Bel-Air for $42.5M
    J.Lo lists French Country-style estate in Bel-Air for $42.5M
    DJ Zedd and 3000 Benedict Canyon Dr.
    Star DJ Zedd’s Benedict Canyon estate sells for $18M
    Star DJ Zedd’s Benedict Canyon estate sells for $18M
    Danny Trejo and 1219 Dodds Circle in Los Angeles
    Famous movie stilt house in East LA hits market for $1.6M
    Famous movie stilt house in East LA hits market for $1.6M
    Hilton & Hyland’s David Kramer, Lori Hyland, Billy Jack Carter
    Hilton & Hyland taps David Kramer as president
    Hilton & Hyland taps David Kramer as president
    Brad Pitt with 5769 Briarcliff Road
    Brad Pitt looks to sell historic home in Los Feliz for $40M
    Brad Pitt looks to sell historic home in Los Feliz for $40M
    Aaron Spelling with Spelling Manor (Getty, Atwater Village Newbie CC BY 2.0 via Wikimedia Commons)
    Spelling Manor cuts ask to $155M
    Spelling Manor cuts ask to $155M
    Michael B. Jordan and 4565 Encino Avenue (Google Maps, Getty)
    Michael B. Jordan lists Encino mansion for $13M
    Michael B. Jordan lists Encino mansion for $13M
    arrow_forward_ios

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

    Loading...