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August 21, 2018
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London & Regional Properties Buys Hotel MdR in Marina del Rey

5/04/18

U.K.-based London & Regional Properties (L+R) has purchased Hotel MdR – a DoubleTree by Hilton Hotel. The 283-room, full-service hotel is located in Marina del Rey. This is the first hotel acquisition in the United States for L+R.

Hotel MdR is located at 13480 Maxella Ave, in the heart of Silicon Beach, the third largest technology hub in the world. The hotel is proximate to Playa Vista, Santa Monica and Venice, which are home to some of the world’s top TAMI (technology, advertising, media and information) companies, including Google, YouTube, Sony, Facebook and IMAX. Additionally, the hotel is located just minutes from vibrant West Los Angeles submarkets, including Santa Monica, Venice and Culver City as well as Los Angeles International Airport.

Hotel MdR was extensively renovated and repositioned as a soft-branded DoubleTree Hotel in 2014. The hotel features an outdoor heated pool and patio, state-of-the-art fitness facility, 24/7-business center, market, energy room with ping-pong table, 5.4k sf of indoor/outdoor event space and Barbianca Local Kitchen restaurant.

Tony Malk, Scott Hall and Aaron Lapping with HFF arranged the sale on behalf of Lubert-Adler, Channel West Group and Arris Investments. The price was not disclosed. Additionally, Brad Greenway, Kevin MacKenzie and Matthew Stewart, also with HFF, arranged the five-year, floating-rate loan with a Germany-based lender.






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