Starwood Capital Group Acquires Los Angeles Hotel, Plans Conversion

MIAMI—Starwood Capital Group has acquired, through a controlled affiliate, the newly constructed 286-key The Jeremy West Hollywood hotel in Los Angeles' West Hollywood neighborhood. Terms of the transaction were not disclosed.

Designed by Skidmore, Owings & Merrill, the property will open in August as The Jeremy Hotel. Located on the corner of La Cienega and Sunset Blvd., the hotel features a distinctive metal cladding in its exterior with a prominent hilltop location.

The new hotel will have 50 suites, including two penthouse suites, a pool, fitness center, two large conference rooms and meetings and event space totaling approximately 10,000 sq. ft., a rooftop bar and lounge with 360-views, a cafe, restaurant and lobby bar.

Over the course of the next year, The Jeremy will be transformed into the 1 West Hollywood and will become the fourth property in the luxury sustainable brand created by Starwood Capital. When 1 West Hollywood opens it will join sister hotels in Miami Beach, Manhattan and Brooklyn, NY.

“The opportunity to acquire this new extraordinarily located real estate in such an important destination with all of its amenities was extremely compelling to our brand and team,” said Starwood Capital Group Chairman Barry Sternlicht. “We can’t wait to launch The Jeremy and later bring our award-winning luxury sustainability focused brand to a city and state that cares so much about the environment.”

The Jeremy and the 1 West Hollywood will be managed by SH Group, Starwood Capital’s in-house hotel management company, which manages the 1 Hotels brand and Baccarat hotel in Midtown Manhattan.