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Scott Hall
Senior Managing Director scott.hall@berkadia.com CA Lic. #01917029
Kyle Stevenson
Managing Director kyle.stevenson@berkadia.com
Lic. #BK3472655
Courtney Chiotti
Senior Financial Analyst courtney.chiotti@berkadia.com CA Lic. #02163860
Brayden Joel
Senior Financial Analyst
503 933 9284
brayden.joel@berkadia.com
CA DRE #02204506
Sydney Ladrech
Associate
916 677 6633
sydney.ladrech@berkadia.com CA DRE #02126658
Scott Hall
Managing Director scott.hall@berkadia.com
CA Lic. #01917029
Hank Workman
Associate Director
415 646 7713
hank.workman@berkadia.com
CA DRE #02099264
Harry Mancera
Associate Director harry.mancera@berkadia.com
Lic. #SL3531238
Andrew Holt
Senior Managing Director andrew.holt@berkadia.com CA Lic. #01469822
Berkadia Real Estate Advisors Inc. is pleased to offer, on an exclusive basis, the opportunity to acquire the fee-simple interest in an iconic 70-key boutique hotel in the heart of Hollywood (“Hotel” or “Property”). More than just a hotel, the Property offers panoramic views from its spacious rooftop F&B venue and includes a full-service restaurant on the ground floor.
Situated in the epicenter of this world-renowned destination’s entertainment district, the Hotel is surrounded by upscale dining, nightlife, entertainment, luxury retail, and performing arts venues. Hollywood has recently attracted leading entertainment companies like Netflix, HBO, and Paramount Global, thanks to its skilled, educated, and entrepreneurial workforce. The Property is ideally located just two blocks from the Hollywood/Vine Metro Station, providing access to the Red Line for convenient travel to Universal Studios Hollywood, NoHo Arts District, Griffith Observatory, and Downtown Los Angeles. Designed to cater to both corporate travelers and leisure visitors, the Hotel is poised to benefit from Hollywood’s continued transformation into a dynamic, vibrant, live-work-play neighborhood.
In March 2025, the Property was placed into receivership, following Hotel operations shutting down the month prior.
This one-of-a-kind opportunity presents a new investor a blank canvas to truly reposition the Hotel through numerous value-add enhancements in one of the nation’s most iconic entertainment capitals with significant barriers to entry.
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MATT MCCRUM
Senior Financial Analyst 415 272 2924 matt.mccrum@berkadia.com CA DRE #02143464
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Hollywood, the epicenter of the global entertainment industry, was once considered a relatively small community that comprised Hollywood Boulevard and its adjacent streets. Today it has become a vibrant center for so much more than star-struck tourists, with hotels, restaurants, comedy clubs, and dynamic nightlife coexisting with beautiful parks, historic venues, and museums, all knitted together by a network of convenient public transportation, like the Redline Subway, and the expansive Los Angeles highway system.
Famous studios like Paramount, CBS, Warner, Disney, Universal, and many others, plus icons like the Hollywood sign, the Hollywood Bowl, TCL (Grauman’s) Chinese Theatre, the Walk of Fame, Ripley’s Believe It or Not, the Hollywood Wax Museum and so many more attractions draw thousands of tourists every year. With its proximity to the Los Angeles International (LAX) and Hollywood Burbank airports, plus convenient access to the 101 Freeway and Greater Los Angeles, Hollywood is both tourist and resident-friendly, as well as a must-see destination that guarantees something for everyone.
Situated in the city of Los Angeles, just north of downtown, Hollywood has long been known as the center of the entertainment industry and is undergoing a rebirth to solidify its position as a major employment, retail, and recreation center. Much of the local Hollywood economy was largely unscathed in the wake of the COVID-19 pandemic. Much of the credit goes to media and entertainment companies, particularly those focused on streaming services like Netflix and Fandango. Public and private developers have recently invested $4 billion in the neighborhood, with new residential, mixed-use, and commercial projects redefining the area, indicative of Hollywood’s transformative success.
6500 Selma Avenue
Los Angeles, CA 90028
0.16 acres
31,865 SF
70
1926 / 2015
6 including rooftop
2 Food & Beverage Outlets:
6 including rooftop (90 Seats)
Main Floor Restaurant & Bar (160 Seats)
Business Center
Gift Shop/Sundry Space
No On-Site Parking
Blank Canvas Opportunity
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50,740+
Full-time equivalent workplace employees
84%
HED
101.4K
average number of people in HED per day
35
new businesses opened in 2024
6M
annual visitors (Walk of Fame 2024)
105M
annual visitors (Greater Hollywood 2024)
37M
annual visitors (HED 2024)
9.3M
domestic visitors Q4 2024
1M
SF of existing retail space
48K+
SF of existing industrial/flex space
1.5M
SF of existing office space
93%
Greater Hollywood
73%
Walk of Fame
Address
Land Area
Building Area
Guestrooms
Year Built / Renovated
Stories
Food & Beverage
Amenities
Parking
Vinyl District
The Hotel is located in the Hollywood Vinyl District, bordered by Hollywood and Sunset Boulevards, between Schrader Boulevard and Gower Street. Named in honor of Hollywood’s iconic history as a home to music labels, studios and record stores, this innovative hub offers a revitalized perspective with world-class hotels, inspired restaurants, music and event venues, and nightlife destinations. Visitors and residents alike are offered an abundance of versatile dining and hospitality options, including the Dream Hotel, the Thompson, TAO, Mother Wolf, and KA’TEEN.
HOLLYWOOD ENTERTAINMENT DISTRICT (HED) RECOVERY RATES: ALL DISTRICT USERS
All Visits (residents, tourists, employees): Q4 2024 compared to Q4 2019
6
RECEIVERSHIP SALE: Opportunity to Acquire an Iconic Boutique Hotel in the Heart of Hollywood
Aaron Lapping
Senior Director aaron.lapping@berkadia.com CA Lic. #02027729
Andrew Holt
Senior Managing Director andrew.holt@berkadia.com CA Lic. #01469822
Unique Location Within a Qualified Opportunity Zone (QOZ)
Impressive Physical Characteristics A blend of historic charm and modern flair with an expansive rooftop patio offering 360-degree views including the Hollywood sign, Westside and Downtown
Exceptional Hollywood Location
Epicenter of Los Angeles’ entertainment, residential, and corporate demand base
Receivership Sale & Offered Below Replacement Cost
Sources: ESRI, The Hollywood Partnership, berkadia Research