RobertDouglas Advises Owners in the Financing of Legendary Beverly Hilton Hotel and Construction Financing of the Waldorf Astoria Beverly Hills
Los Angeles, CA – January 20, 2014 – RobertDouglas announced today that it advised Oasis West Realty, LLC, in a transaction involving the re-financing of the landmark The Beverly Hilton hotel and, in addition, a facility to finance the construction of the adjacent 170-room Waldorf Astoria Beverly Hills.
Los Angeles, CA – January 20, 2014 – RobertDouglas announced today that it advised Oasis West Realty, LLC, in a transaction involving the re-financing of the landmark The Beverly Hilton hotel and, in addition, a facility to finance the construction of the adjacent 170-room Waldorf Astoria Beverly Hills.
The 569-room Beverly Hilton, situated on 8.9 acres of prime real estate, is located at the intersection of Wilshire and Santa Monica Boulevards in Beverly Hills. The Waldorf Astoria Beverly Hills will be built on the site of the original Trader Vics restaurant and will serve as a landmark at the western gateway to the Beverly Hills Golden Triangle.
"We are delighted to have been able to assist the owners with this financing facility - ultimately completed with affiliates of Goldman Sachs and Aareal Bank of Germany," said Robert Stiles, a Principal & Managing Director at RobertDouglas. "It is an iconic property with the most valuable entitlement rights on the west coast for both luxury condominium towers and the soon to be constructed Waldorf Astoria," notes Stephen O'Connor, RobertDouglas' Los Angeles-based Principal & Managing Director.
Media Contact
Robert Stiles
Managing Director & Principal [email protected] 415-578-9247