Industry Update
Press Release24 March 2014

CIM Group and Denihan Hospitality Group Announce the First West Coast Location of The James Hotel Brand at CIM’s Sunset La Cienega Development

West Hollywood’s First Ground-Up Hotel in 30 Years to Occupy the City’s Most Coveted Development Site

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CIM Group and Denihan Hospitality Group announced today an agreement to bring The James hotel brand to the Los Angeles area, where it will be situated in the heart of the iconic Sunset Strip at the southeast corner of Sunset and La Cienega Boulevards in West Hollywood. The James Los Angeles, the first new ground-up hotel in West Hollywood in approximately 30 years, will be comprised of two 10-story towers with 286 rooms, two restaurants, rooftop and lobby bars and approximately 10,000 square feet of meeting space – with spectacular views of the Los Angeles area.

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CIM Group, the owner and developer of the two-block Sunset La Cienega mixed-use

development, selected Denihan Hospitality Group as its joint venture partner for the boutique hotel portion of the project. Denihan, a full-service hotel management company that owns, develops, and operates boutique hotels in major urban U.S. markets, is expanding its presence and The James brand to Greater Los Angeles with The James Los Angeles, which is anticipated to open in 2016.

"We selected The James brand as it brings an inspired guest-experience to West

Hollywood and the Greater Los Angeles area," said Shaul Kuba, Founding Principal of CIM Group. "The hotel's attention to detail and premier amenities complements the distinctive Sunset La Cienega project underway at this legendary Sunset Strip location." CIM, an investor in communities throughout North America, is the largest commercial real estate owner in Hollywood with other investments in West Hollywood. CIM has designed and is developing both The James Los Angeles and the two eight-story residential towers directly across La Cienega Boulevard that will consist of approximately 190 residences and approximately 40,000 square feet of prime street retail space.

Sunset La Cienega is surrounded by the many retail, restaurant and entertainment

venues in West Hollywood, and will feature plazas and public spaces designed to enhance the pedestrian experience on the Sunset Strip. "We are excited to be partnering with CIM in one of the most prominent developments in West Hollywood in years," said David Duncan, President of Denihan. "CIM has selected The James as the perfect boutique hotel brand for this location; built with warm, modern design, and enriching the guest experience through authentic, local cultural experiences and intuitive service. As a brand, The James is mindful of the needs of our neighbors, and we look forward to becoming an integral part of the West Hollywood community."

The James Los Angeles will be the fourth hotel operating under the brand, joining The

James Chicago, The James New York and The James Royal Palm, Miami. CIM identified the city of West Hollywood as an urban district that meets the firm's strategic investment guidelines, and made its first investment in the city in 2005. Since then, it has acquired and developed a portfolio of properties in West Hollywood that include office, retail, studios, and multi-family residential uses.

About CIM Group:
CIM Group is a leading real estate and

infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in three primary strategic categories: repositioning and development projects in established and emerging urban areas; well-positioned operating properties in transitional and established districts; and infrastructure. CIM manages three distinct portfolios, including opportunistic, stabilized and infrastructure funds, each of which are diversified by geography and type of property within that risk profile. Headquartered in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area and Bethesda, Maryland. For more information, please visit www.cimgroup.com
Related Brand

The James

The James Hotels, with ideally situated locations in Chicago and New York, are both sanctuary and scene. The James are all about balance and believe that the combination of personal well-being and total indulgence is the ultimate key to happiness.
brand information
Other Brands by Denihan
Affinia

About Denihan Hospitality Group

Denihan is a privately-held, full service hotel management and development company. The Company owns and/or operates boutique hotels in major urban markets throughout the U.S. For over 50 years, Denihan has been creating value by acquiring, repositioning and managing independent assets. The Denihan portfolio includes properties operating under The James and Affinia Hotel Collection brands, as well as Manhattan independent boutique hotels, The Benjamin, and The Surrey, voted #1 hotel in New York City in Travel + Leisure's 'World's Best Awards' in 2016 and 2017. The portfolio also includes an impressive list of chef-driven restaurants and bars. Denihan's uniquely guest-centric approach, refined through three generations of Denihan leadership, has made it an industry leader in hospitality, property and restaurant development, as well as hotel operations, management and marketing. More details can be found at www.denihan.com.

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