Berkadia Negotiates Receivership Sale Of Boutique Hotel In Los Angeles

The 70-key property offers panoramic views from its rooftop and is situated in the heart of Hollywood's entertainment district.

Apr. 17, 2026 at 11:24am

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A high-end, photorealistic studio still-life photograph featuring a polished, geometric metal sculpture in the shape of a hotel building, placed on a clean, monochromatic background and dramatically lit to represent the iconic status of the property.A premium boutique hotel property in the heart of Hollywood's entertainment district draws significant investor interest despite pandemic-era challenges.Los Angeles Today

Berkadia, a leading commercial real estate and multifamily investment sales and mortgage banking firm, has announced the receivership sale of a 70-key boutique hotel located in the heart of Hollywood, Los Angeles. The transaction was led by Berkadia's Senior Managing Director Scott Hall, Senior Director Aaron Lapping, and Senior Managing Director – Head of Special Situations Kyle Stevenson.

Why it matters

The sale of this boutique hotel in the prime Hollywood location highlights the continued investor interest in premium hospitality assets, even in the face of pandemic-related challenges. The property's unique features, such as the celebrated rooftop food and beverage scene, as well as its proximity to popular dining, nightlife, and entertainment venues, made it an attractive investment opportunity.

The details

The hotel, located at 6500 Selma Ave, offers panoramic views from its spacious rooftop, which was previously a staple in the local celebrated food and beverage scene. Situated at the epicenter of Hollywood's entertainment district, the property is surrounded by upscale dining, nightlife, luxury retail, and performing arts venues.

  • The receivership sale was announced on April 17, 2026.

The players

Berkadia

A leading commercial real estate and multifamily investment sales and mortgage banking firm.

Scott Hall

Senior Managing Director at Berkadia Hotels & Hospitality.

Aaron Lapping

Senior Director at Berkadia Hotels & Hospitality.

Kyle Stevenson

Senior Managing Director – Head of Special Situations at Berkadia.

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What they’re saying

“The asset's irreplaceable location and incredible physical attributes contributed to significant investor interest from national and regional hotel investors, plus local private and unique capital sources.”

— Scott Hall, Senior Managing Director at Berkadia Hotels & Hospitality

“Meaningful business plan optionality and a receiver-driven sale garnered broad market interest and drove a highly competitive process.”

— Aaron Lapping, Senior Director at Berkadia Hotels & Hospitality

The takeaway

The successful receivership sale of this boutique hotel in the heart of Hollywood demonstrates the continued demand for premium hospitality assets in desirable locations, even amid broader economic challenges. The property's unique features and strategic positioning within the entertainment district made it an attractive investment opportunity for a range of national, regional, and local investors.