Los Angeles Commercial Real Estate:
The "W Los Angeles - Westwood"
Has Been Sold

Sale Of The Luxurious Hotel Is One Of The Larger Recent Sales In Los Angeles Commercial Real Estate

Starwood Hotels and Resorts, one of the larger players in hotel properties in Los Angeles commercial real estate and around the world, has sold the "W Los Angeles - Westwood" to Pebblebrook Hotel Trust.

Any large sale is a shot in the arm to the Los Angeles commercial real estate market, and this is no exception. You can read about it here in this article from the World Property Channel by Scott Kauffman:

Pebblebrook Buys $125 Million W Los Angeles

By Scott Kauffman - World Property Channel - "The luxurious "W Los Angeles - Westwood" traded hands this week. Pebblebrook Hotel Trust, a publicly traded real estate investment trust, officially acquired the hotel property from Starwood Hotels & Resorts Worldwide, Inc."
http://www.worldpropertychannel.com/north-america-vacation-news/starwood-hotels-resorts-worldwide-pebblebrook-hotel-trust-w-los-angeles-westwood-westin-gaslamp-quarter-san-diego-w-boston-sheraton-delfina-santa-monica-6006.php

Los Angeles Commercial Real Estate:
A Management / Ownership Partnership

Pebblebrook Hotel Trust has taken ownership here, but apparently Starwood has entered into a 40 year agreement to continue managing the property while Pebblebrook has agreed to continue with planned renovations to some of the facility's amenitites. This is one of the larger transactions recently in the world of Los Angeles commercial real estate.