Hot Listing
Turnkey Hotel Business with Strong Revenue & Growth Potential
Business Description
This landmark 7-story, 140,000-square-foot hotel, constructed in 1984, stands as the tallest building in its submarket at 75 feet. With its commanding presence, attached 270-space parking garage, and strong mix of income streams, the property represents a rare opportunity for investors seeking both stability and upside.
The hotel offers 145 guestrooms, including 50 king rooms, 90 double-queen rooms, and 5 suites, spread evenly across floors 3 through 7. This balanced room mix appeals to business travelers, families, and groups alike, ensuring steady occupancy. Complementing its hospitality operations, the property’s five ground-floor retail spaces are fully leased to long-term tenants, generating consistent income and reducing operational risk.
One of the hotel’s most unique features is its rooftop bar and lounge, operating under a Type 47 liquor license. With panoramic views, it has become a distinctive draw for guests and locals, offering further potential as an event venue. In addition, a 5,500-square-foot restaurant space on the first floor is currently vacant, presenting immediate opportunity for an owner-operator or new tenant to activate a strong food-and-beverage component.
With its scale, central location, and diverse income profile, this asset offers multiple paths to growth. Investors benefit from the security of existing retail leases while unlocking upside through repositioned hospitality, food and beverage, and events programming. As the tallest building in the area, the hotel enjoys unmatched visibility, making it an ideal candidate for rebranding or strategic repositioning.
In short, this property combines stability, scale, and upside—a true rarity in today’s market.
The hotel offers 145 guestrooms, including 50 king rooms, 90 double-queen rooms, and 5 suites, spread evenly across floors 3 through 7. This balanced room mix appeals to business travelers, families, and groups alike, ensuring steady occupancy. Complementing its hospitality operations, the property’s five ground-floor retail spaces are fully leased to long-term tenants, generating consistent income and reducing operational risk.
One of the hotel’s most unique features is its rooftop bar and lounge, operating under a Type 47 liquor license. With panoramic views, it has become a distinctive draw for guests and locals, offering further potential as an event venue. In addition, a 5,500-square-foot restaurant space on the first floor is currently vacant, presenting immediate opportunity for an owner-operator or new tenant to activate a strong food-and-beverage component.
With its scale, central location, and diverse income profile, this asset offers multiple paths to growth. Investors benefit from the security of existing retail leases while unlocking upside through repositioned hospitality, food and beverage, and events programming. As the tallest building in the area, the hotel enjoys unmatched visibility, making it an ideal candidate for rebranding or strategic repositioning.
In short, this property combines stability, scale, and upside—a true rarity in today’s market.
About the Business
- Years in Operation
- 7
- Number of Employees
- 30
- Facilities & Assets
- This 140,000 SF, seven-story hotel, the tallest building in its submarket, features 145 guestrooms, an attached 270-space parking garage, and a rooftop bar with type 47 liquor license. The second floor has a 5500 SF (up to 400 people) banquet hall and three private dinning rooms. The first floor includes four fully leased retail units, generating stable income, plus a 5,500 SF restaurant space and 1500 SF cafe space ready for immediate use or lease.
- Market Outlook / Competition
- Elevated development and capital costs are limiting new construction. From April 2024 to March 2025, U.S. hotels recorded RevPAR growth of 2.4% and ADR growth of 1.9%, with occupancy rising moderately. We are the only mid-tier independent full-service hotel in the market which greatly benefits from a lean and flexible operation model.
- Opportunities for Growth
- There are major international events hosted in LA, 2026 FIFA World Cup, 2028 Summer Olympics, as well as 2027 Super Bowl.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 140,000
- Rent
- $68,000.00 per month
- Lease Expiration
- 10/1/2038
About the Sale
- Seller Motivation
- Retirement and Relocation
- Transition Support
- If needed, the current management team can stay up to 6 months to help with the staff training and transition.
- Financing Options
- Seller financing up to 50% of the agreed sale price for qualified buyer.
Listing Info
- ID
- 2405983
- Listing Views
- 477
Listing ID: 2405983 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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