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Shuttered Rodeo Drive Hotel Commands Top-Dollar Price Despite ‘Unclear’ Future

Investor Parts Ways With Former Luxe Hotel and Storefronts Leased to Ferrari and Rolex
The 42,500-square-foot 360 N. Rodeo Drive property sold in rare deal for the exclusive retail stretch in Beverly Hills, California, that draws affluent travelers from around the world. (CoStar)
The 42,500-square-foot 360 N. Rodeo Drive property sold in rare deal for the exclusive retail stretch in Beverly Hills, California, that draws affluent travelers from around the world. (CoStar)
CoStar News
December 16, 2021 | 11:58 P.M.

A hotel and retail property on Rodeo Drive in Beverly Hills, California, one of the world's most valuable stretches of retail real estate, has sold for an eye-popping amount, despite the hotel shutting more than a year ago because of the pandemic.

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