{"id":1004227731,"date":"2018-05-07T06:58:40","date_gmt":"2018-05-07T14:58:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004227731"},"modified":"2022-12-07T12:45:21","modified_gmt":"2022-12-07T20:45:21","slug":"lr-enters-u-s-hotel-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lr-enters-u-s-hotel-market\/","title":{"rendered":"L+R Enters U.S. Hotel Market"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004227734\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hotel-MdR.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004227734\" data-attachment-id=\"1004227734\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lr-enters-u-s-hotel-market\/hotel-mdr\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hotel-MdR.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;Smith Photography Inc.&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;1&quot;}\" data-image-title=\"Hotel MdR\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Hotel MdR&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hotel-MdR.jpg?w=800\" class=\"wp-image-1004227734 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hotel-MdR.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hotel-MdR.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hotel-MdR.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hotel-MdR.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004227734\" class=\"wp-caption-text\">Hotel MdR, Los Angeles<\/p><\/div>\n<p>London &amp; Regional Properties has acquired Hotel MdR\u2014a <a href=\"https:\/\/www.commercialsearch.com\/news\/rebranded-hilton-resort-opens-in-santa-barbara\/\">DoubleTree by Hilton Hotel<\/a>, located within the Marina del Rey submarket of West Los Angeles. The transaction marks L+R&#8217;s first purchase in the U.S. HFF facilitated the deal on behalf of the sellers, Lubert-Adler, Channel West Group and Arris Investments. The firm also arranged a five-year, floating rate acquisition loan on behalf of L+R.<\/p>\n<p>Located at 13480 Maxella Ave., the 283-key full-service hotel underwent extensive renovations and a repositioning as a soft-branded DoubleTree Hotel in 2014. Guests have access to amenities including an outdoor heated pool and patio, a 24-hour business center, an energy room with ping-pong table, a Barbianca Local Kitchen restaurant, a state-of-the-art fitness facility, a market and 5,429 square feet of indoor\/outdoor event space. The hotel offers convenient access to other Los Angeles submarkets such as Playa Vista, Venice and Santa Monica, as well as the Los Angeles International Airport.<\/p>\n<h2>Sale Team<\/h2>\n<p>Managing Directors Tony Malk and Scott Hall, along with Real Estate Analyst Aaron Lapping of HFF&#8217;s investment advisory team arranged the transaction. Directors Brad Greenway and Matthew Stewart, as well as Managing Director Kevin MacKenzie of HFF&#8217;s debt placement team represented the borrower in the deal.<\/p>\n<p><em>\u201cHotel MdR is a uniquely located asset that derives significant demand from its surrounding technology hub,\u201d<\/em>\u00a0said Hall, in a prepared statement. <em>\u201cIt will continue to benefit from continued demand growth and very little new competitive supply.\u201d<\/em><\/p>\n<p><em>Image courtesy of HFF\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company purchased the 283-key Hotel MdR\u2014a DoubleTree by Hilton Hotel in West Los Angeles, which underwent extensive renovations and a repositioning in 2014. <\/p>\n","protected":false},"author":746,"featured_media":1004227734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21751,21783,1594,21742,15],"tags":[40230,33366,32792,34647,40227],"class_list":["post-1004227731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-hotel","category-investment","category-los-angeles","category-latest","category-west","tag-arris-investments","tag-doubletree-by-hilton-hotel","tag-hff","tag-kevin-mackenzie","tag-lubert-adler-partners-lp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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