Kimpton and OSM Acquire LA Boutique
Tuesday December 18th, 2012 - 9:45AM H
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
LOS ANGELES—The Kimpton Hotel & Restaurant Group and joint venture partner OSM Investment Co. have acquired the 74-room Hotel Wilshire in Los Angeles' Miracle Mile neighborhood for an undisclosed price.
The hotel, Kimpton's second flag in Los Angeles, is an adaptive reuse of a former medical office building that opened in 2011, is located in close proximity to Beverly Hills, West Hollywood, Hollywood and Century City. The hotel features a rooftop restaurant and bar and 1,750 sq. ft. of meeting and event space.
Tags: • Hospitality • Ownership •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.