More big trophy hotel deals could be ahead in 2020, after London-based Maybourne Hotel Group acquired Montage Beverly Hills near Los Angeles for $415 million. It's the highest price per room ever paid for a hotel in California at more than $2 million, according to brokerage Atlas Hospitality Group.
Big Beverly Hills Hotel Deal Could Be Sign of More to Come in 2020
London’s Maybourne Buys California Property for Price Topping $2 Million per Room
By Lou Hirsh
CoStar News
December 26, 2019 | 3:30 P.M.
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IN THIS ARTICLE
- Properties
- The Maybourne Beverly Hills
225 Canon Dr, Beverly Hills, CA