Northwood Investors Acquires The London West Hollywood
Wednesday October 16th, 2013 - 10:09AM E
| | | | | | | | | | |
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—Northwood Investors LLC, a privately held global real estate firm, has acquired The London West Hollywood, a 200-room hotel in West Hollywood, CA for an undisclosed amount. Northwood Hospitality LLC, an affiliate of Northwood, will manage the hotel.
“We are excited to build upon the success of the hotel by making further capital investments in the property, beginning with the build-out of the new luxury suites," stated Jonathan Wang, managing director of Northwood. “This is our first hotel acquisition on the West Coast and exemplifies our focus on luxury hotels in strong hospitality markets."
The London West Hollywood is an all-suite luxury hotel with interiors conceived by David Collins Studio. The hotel also features gourmet dining from Gordon Ramsey and a rooftop pool and lounge. Following the acquisition by Northwood, Jeffrey Kulek will become the general manager of the hotel.
Tags: The London West Hollywood • Hospitality • Acquisitions •
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.