Seeking Buyers or Investors for $75M+ Hollywood Hotel

[Dennis Maynard]

Hello,

Once in a while I come across deals that I think is worthy of investment.  The property is a well known property in Hollywood, California.  It is a smaller hotel with a long history, potentially historic (historic tax credits).  The property is in operating condition in need of minor repairs to open.  Once a brand is selected it will likely need to be repositioned which means rehabbing the property cosmetically at a minimum with some new FF&E.  

I am expecting multiple bidders on this, so bonafide buyers and investors only.  If you do not have the ability to purchase at this level, please let others out there come forward.  I'm an experienced broker with a background in hotel deals, packaging, and development.  I'm looking for partners or buyers interested in this deal.  Offers are due November 18.

Please let me know if you would like to express interest.

Dennis