The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 1, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Hyatt Place Los Angeles / LAX / El Segundo Hotel Sells for $49 Mil

9/28/22

Hyatt Place Los Angeles / LAX / El Segundo, a 143-key, select-service hotel in El Segundo, traded in a recent transaction with a $49 mil ($342.7k/room) price tag. The buyer was El Segundo-based Welcome Group Inc.

Located at 750 N Nash St, the Hyatt Place El Segundo is ideally positioned in the coastal city of El Segundo, which features numerous corporate and leisure demand drivers. The city is home to prominent defense and aerospace firms as well as three sports teams: the NBA’s Los Angeles Lakers, the NHL’s Los Angeles Kings and the NFL’s Los Angeles Chargers. The Chargers are in the process of building a new state-of-the-art practice facility that will further bolster demand in the area. In addition, the Hyatt Place El Segundo is close to Los Angeles International Airport and accessible via the 405 and 105 Freeways.

The Hyatt Place El Segundo, which was recently renovated in 2020, offers traditional guest rooms and king suites that average 369 sf each. Guests have access to on-site amenities, including The Placery bar and restaurant, The Market grab-and-go outlet, a fitness center, outdoor pool and electrical vehicle charging station. In addition, the pet-friendly hotel features a business center and 1.1k sf of meeting or event space.

John Strauss, James Stockdale and Melvin Chu with JLL Hotels & Hospitality represented the seller, Washington Holdings. The hotel was sold unencumbered by management.

“The Los Angeles area benefits from strong corporate and leisure demand that continues to grow as the city diversifies from an entertainment mecca to an international hub for technology, media, finance, trade, manufacturing and more,” Strauss said. “El Segundo in particular has experienced substantial growth with major firms located near the hotel including AT&T, Mattel, Boeing, Raytheon, and Spectrum.”





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media