Kimpton and OSM Acquire LA Boutique
Tuesday December 18th, 2012 - 9:45AM H
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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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.