{"id":1004134191,"date":"2016-01-06T10:19:24","date_gmt":"2016-01-06T18:19:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004134191"},"modified":"2022-12-08T01:45:44","modified_gmt":"2022-12-08T09:45:44","slug":"lifestyle-hotel-expands-to-west-coast","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lifestyle-hotel-expands-to-west-coast\/","title":{"rendered":"Lifestyle Hotel Expands to West Coast"},"content":{"rendered":"<p>By Keith Loria, Contributing Editor<\/p>\n<div id=\"attachment_1004134192\" style=\"width: 224px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004134192\" data-attachment-id=\"1004134192\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lifestyle-hotel-expands-to-west-coast\/samfisherjll\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg\" data-orig-size=\"2250,3150\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"SamFisherJLL\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?w=731\" class=\"wp-image-1004134192 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg\" alt=\"SamFisherJLL\" width=\"214\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg 2250w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=214,300 214w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=768,1075 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=731,1024 731w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=1097,1536 1097w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=1463,2048 1463w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=150,210 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=300,420 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=696,974 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=1068,1495 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/SamFisherJLL.jpg?resize=1920,2688 1920w\" sizes=\"auto, (max-width: 214px) 100vw, 214px\" \/><\/a><p id=\"caption-attachment-1004134192\" class=\"wp-caption-text\">Sam Fisher<\/p><\/div>\n<p>The Witkoff Group and New Valley LLC are developing West Hollywood EDITION Hotel &amp; Residences, an ultra-luxury lifestyle hotel and condominium development located in West Hollywood, Calif.<\/p>\n<p>The lifestyle hotel concept, a partnership between Marriott International and Ian Schrager, opened its first EDITION property in Miami in 2014. The L.A. development will be the joint venture\u2019s first entry out West.<\/p>\n<p>JLL\u2019s Hotels &amp; Hospitality Group represented the group and helped it secure a $260 million loan in construction financing from Cornerstone Real Estate Advisors.<\/p>\n<p>\u201cAfter the Miami opening, with that being such an international destination and doing so well, L.A. is a perfect fit for that type of lifestyle brand,\u201d Samantha Fisher, JLL\u2019s senior vice president, told <em>Commercial Property Executive<\/em>. \u201cL.A. is a huge gateway market and the goal of the brand is to get into all of the major gateway cities around the world, so it makes natural sense to be located here given its location, airports, and number of travellers.\u201d<\/p>\n<p>West Hollywood EDITION Hotel &amp; Residences will total 486,743 square feet, with 190 keys and 20 EDITION branded luxury condominium units. Amenities will include a world-class restaurant, bar, two rooftop pools and nightlife venues.<\/p>\n<p>The development will be located at Sunset and Doheny, uniquely positioned within the West Hollywood and Beverly Hills submarkets, which are both experiencing strong revenue per available room (RevPAR) growth driven by extremely favorable supply and demand fundamentals.<\/p>\n<p>\u201cGiven this location in West Hollywood, which is always on the forefront of design, coolness and uniqueness, it\u2019s just a great fit for this type of brand,\u201d Fisher said. \u201cThis type of location is extremely unique and very appealing. There\u2019s nothing else of this quality in this area.\u201d<\/p>\n<p>In addition to the hotel, there\u2019s a large condo component to the project, and with a scarcity of high-end luxury condos in the area, Fisher noted it adds to the development\u2019s high appeal.<\/p>\n<p>The development is scheduled to open in 2018.<\/p>\n<p>JLL\u2019s Managing Director Dustin Stolly and Senior Vice Presidents Mike Huth, Brett Rosenberg and Fisher led the JLL team on the transaction.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marriott and Ian Schrager are bringing their lifestyle hotel concept to the West Coast with the West Hollywood EDITION Hotel and Residences. <\/p>\n","protected":false},"author":451,"featured_media":1004134193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21751,21742,15],"tags":[],"class_list":["post-1004134191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-hotel","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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