Global Mutual Real Estate has acquired the iconic Los Angeles–area boutique hotel, The Georgian.
Global Mutual partnered with BLVD Hospitality to acquire the storied Art Deco hotel from the private investor 4DS L.P. Deal terms were not disclosed. The Georgian opened in 1933.
“Since the pandemic hit the U.S., there haven’t been many regular hotel trades — a handful at most,” said Sam Alavi, partner at Paul Hastings for its real estate department, which served as legal adviser to the buyer. “The acquisition of the Georgian, which is a storied Los Angeles landmark, underscores the increasing importance of having the right asset in an important market, together with a compelling business narrative.”
