UPDATED, 2:10 p.m., April 28: Shamina Investments, a Los Angeles-based firm, has snapped up the aging Claremont Hotel Westwood for $12.25 million, its lender, Thorofare Capital, announced Wednesday.
Shamina, headed by Benjamin Keywanfar, is expected to team up with the Paligroup hospitality brand to renovate the 55-key hotel, at 1044 Tiverton Avenue, and rebrand it as the Palihotel Westwood. Paligroup will manage and operate the new hotel.
The facility will remain a Claremont Hotel until the rebranding is finalized. The new owner will update the interior of the hotel and pursue other cosmetic updates in the meantime, Keywanfar told The Real Deal.