Advertisement
YOU ARE HERE: LAT HomeCollectionsSbe Hotel Group
IN THE NEWS

Sbe Hotel Group

FEATURED ARTICLES
BUSINESS
November 10, 2005 | Roger Vincent
Le Meridien Hotel at Beverly Hills was purchased by Los Angeles nightclub owner and hotelier Sam Nazarian's SBE Hotel Group from Le Meridian Hotels & Resorts, SBE said. The price was not disclosed, but a real estate source said SBE paid about $90 million for the 297-room property. Le Meridien bought the hotel for about $80 million in 1999. The property, which opened as Hotel Nikko at Beverly Hills in 1991, will continue to operate as a Le Meridien for the time being, the buyers said.
ARTICLES BY DATE
BUSINESS
November 10, 2005 | Roger Vincent
Le Meridien Hotel at Beverly Hills was purchased by Los Angeles nightclub owner and hotelier Sam Nazarian's SBE Hotel Group from Le Meridian Hotels & Resorts, SBE said. The price was not disclosed, but a real estate source said SBE paid about $90 million for the 297-room property. Le Meridien bought the hotel for about $80 million in 1999. The property, which opened as Hotel Nikko at Beverly Hills in 1991, will continue to operate as a Le Meridien for the time being, the buyers said.
Advertisement
BUSINESS
August 9, 2013 | By Roger Vincent
The boutique 57-room Redbury Hotel near the iconic Los Angeles intersection of Hollywood and Vine was sold for $34 million to a Maryland real estate investment trust. The five-story hotel was designed by celebrity photographer and music video director Matthew Rolston and nightclub impresario and hotelier Sam Nazarian with an intentionally over-the-top flair intended to appeal to guests in creative industries in Hollywood for extended stays. Rolston made up the hotel's name by crossing "red" for the color of the building with "bury" from Haight-Ashbury in an effort to mix bohemian, 1960s flower power and old Hollywood sensibilities.
Los Angeles Times Articles
|