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Posts Tagged ‘Los Angeles hotels’

Morgans Hotel Group Sells L.A. Hotel for $137M

Wednesday, May 4th, 2011
Mondrian Los Angeles

Boutique hotel operator Morgans Hotel Group Co. said Tuesday it has sold an L.A. hotel to an affiliate of Pebblebrook Hotel Trust for $137 million.

The deal for the Mondrian Los Angeles amounts to $580,000 per room. Morgans will continue to operate the hotel under a 20-year management pact that includes an option for a 10-year extension.

Morgans said it used a portion of the proceeds, along with cash in escrow, to pay off $103.5 million in mortgage debt secured by the property. Net proceeds, after the repayment of debt and closing costs, are about $40 million. Morgans anticipates using the rest of the proceeds, along with gains from the planned sale of the Royalton and Morgans hotels in New York, to refinance debt.

"This is another important step in our transition to an asset light model, which will allow us to reduce our debt and expand our brands around … Read the rest

The Legendary Biltmore Hotel Celebrates Spring With an Elegant Easter Champagne Brunch

Monday, April 18th, 2011
Millennium Biltmore Hotel Los Angeles

Spring is in full swing, and once again the historic Millennium Biltmore Hotel Los Angeles is celebrating with a lavish Easter Sunday brunch buffet, set in Smeraldi's Restaurant and the hotel's original 1923 lobby, the famous Rendezvous Court.

Brunch will be served from 11:30am – 2:30pm and features a full selection of items from Executive Chef Franco De Dominicis, including homemade French toast with Chantilly cream, made-to-order omelets, eggs benedict, carving stations with fine cuts of roasted Virginia ham, turkey and prime rib, fresh sushi, sashimi and seafood, garden platters with fresh vegetables and salads, sliced fruit, a buffet with items like baked manicotti, roasted halibut and sliced tenderloin and desserts including homemade pies, chocolate pecan cheesecake and the hotel's famous seasonal berry tarts.  Champagne, fruit juices and coffee are available throughout.  Brunch is priced at $59 per person, $22 children (ages 4-11), excluding tax and gratuity.  (213) 612-1562 for reservations (required).Read the rest

The Hollywood Roosevelt Hotel Enjoys a Social Renaissance

Tuesday, March 29th, 2011
Hollywood Roosevelt Hotel

Thompson Hotels' Hollywood Roosevelt Hotel has completed a renovation that redesigned the historic Cabana Rooms and added three entertainment venues — the Public Kitchen & Bar, The Spare Room and Beacher's Madhouse.

Like any classic Hollywood star, Thompson Hotels’ Hollywood Roosevelt Hotel has continuously reinvented itself over the years, and the iconic 300-room hotel has once again seen a rebirth with the redesign of the historic Cabana Rooms and the debut of three innovative entertainment venues: Public Kitchen & Bar, The Spare Room and Beacher’s Madhouse.

Since 1927, the Hollywood Roosevelt Hotel has been the playground of luminaries including Clark Gable, Carole Lombard and Marilyn Monroe and the birthplace of the Academy Awards. As Hollywood continues to redefine itself, so does its landmark hotel, offering the ultimate luxury guest experience in-room and out, while paying homage to its roots. With the addition of these new spaces to the hotel's existing … Read the rest

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