LOS ANGELES—On behalf of an ownership group led by SBE Entertainment Group and Nimes Capital, Jones Lang LaSalle's Hotels & Hospitality Group has secured $125 million of refinancing proceeds for the SLS Hotel at Beverly Hills. The 297-room, award-winning luxury hotel is located on prestigious La Cienega Boulevard at the crossroads of Beverly Hills and West Hollywood.
Jones Lang LaSalle EVP Mathew Comfort, senior vice president Reid McGlamery and vice president Mike Huth, in conjunction with managing director John Strauss and SVP James Stockdale arranged the transaction.
“The financing for the SLS Hotel at Beverly Hills represents a unique opportunity to lend on a high-quality, trend-setting hotel that is well-located in one of the top lodging markets in the country and backed by premier sponsorship,” said Comfort. “SBE Entertainment Group is well positioned to capitalize on further food and beverage opportunities, and continue the impressive top- and bottom-line results the hotel has achieved to date.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
