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Middle Eastern investor eyes luxury hotel in Beverly Hills
Transactions - DECEMBER 19, 2019

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Middle Eastern investor eyes luxury hotel in Beverly Hills

by Andrea Zander

Maybourne Hotel Group, a Qatari-backed firm, is in talks to acquire the 201-room Montage Beverly Hills in Beverly Hills, Calif., for $400 million, reported Bloomberg.

Ohana Real Estate Investors is the seller, which also owns the Montage in Utah and The Mark Hotel in New York.

The five-star hotel, located in the city’s Golden Triangle, has a 20,000-square-foot spa and a rooftop pool overlooking Rodeo Drive.

If the sale closes as planned, it will be among the most-expensive U.S. hotel transactions on a per-room basis. The sales price represents more than $2 million a key.

 

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