As Pebblebrook Hotel Trust chairman and chief executive Jon Bortz previously told The Real Deal, “L.A. is a difficult market to sell in today due to unfriendly government policies and the lagging impact from the fires, strikes, ICE, National Guard.”
The City of Los Angeles has its share of the regionwide challenges of homelessness and a specific $30 minimum wage for hotel workers and property transfer tax that seems to have investors looking to neighboring municipalities for deals. The transfer tax, known as Measure ULA, didn’t come into play on our ranking of the priciest hotel sales in Los Angeles County because they were all either in other cities or were bought out of foreclosure.
Here are Los Angeles County’s top five hotel sales in 2025 based on the publication’s analysis of public records and prior reporting.
The Line
3515 Wilshire Boulevard
Los Angeles
Corten Real Estate Partners purchased The Line in Koreatown for $68 million. The 384-key hotel was developed in 2014 by an entity connected to billionaire investor Ron Burkle and his Yucaipa Companies. Yucaipa secured a $100 million loan from Corten but later defaulted — then the lender made the buy. The distressed deal came out to $177,000 a room. No transfer taxes were paid due to the change of title via foreclosure.
The Montrose
900 Hammond Street
West Hollywood
Pebblebrook Hotel Trust sold the 133-key Montrose hotel in West Hollywood for roughly $44 million. The boutique hotel, near Sunset Boulevard, traded for about $333,000 a room. The company did not disclose the buyer at the time of sale, but a person familiar said it is a high-net-worth individual who has roots in Los Angeles, believes in its future and shops bargains in distressed markets. We now know that is Daniel Negari, founder and chief executive of XYZ, according to property records. He recently purchased two Irvine Company office towers in Downtown San Diego at a discount before the giant made its exit.
The Surfrider
23033 Pacific Coast Highway
Malibu
Luxury fashion brand Chrome Hearts, owned by Richard and Laurie Stark, purchased the Surfrider, a 20-key Malibu hotel, for $37.5 million. At about $1.9 million a room, it was California’s priciest per-key deal all year, and one of the priciest ever. The seller of the luxe, oceanfront hotel at 23033 Pacific Coast Highway was Dauntless Capital Partners.
Maison 140 & the Mosaic
140 South Lasky Drive and 125 South Spalding Drive
Beverly HIlls
Malta-based Corinthia Group and Kuwait-based Action Real Estate purchased two Beverly Hills hotels — the 44-room Maison 140 and the 49-room Mosaic Hotel — for $35 million. That comes out to roughly $376,000 per key. The seller of the two hotels, at 140 South Lasky Drive and 125 South Spalding Drive, is connected to Sandip Chadha, of the Chadha Family Trust, per records.
The Hyatt House
810 South Douglas Street
El Segundo
The Mayer Corporation’s Hyatt House hotel sold after it headed to a foreclosure auction. The company developed the five-story, 200-key hotel on the University of Southern California’s health sciences campus, landed a $61.5 million loan from Westbrook Partners and then defaulted. The hotel at 810 South Douglas Street in El Segundo sold for $29 million or $105,000 a room. The buyer is not immediately known.
Read more
Malibu exception: Boutique hotel deal among priciest in California history
Pebblebrook offloads WeHo hotel at $330K a key
