In 2018, Woodbine’s private real estate fund, Woodbine Legacy Investments, purchased the DoubleTree by Hilton Hotel LA – Westside. The purchase marked the third acquisition for the fund (details here).
The DoubleTree LA is located in the rapidly transforming area commonly referred to as Silicon Beach. The neighborhood has seen a wave of growth over the past five years and, with it, an influx of startups and tech companies. The 375-room hotel enjoys proximity to Manhattan Beach and Marina Del Rey and Santa Monica beaches as well as the Los Angeles International Airport and the new Los Angeles Stadium and Entertainment District (where the Rams and Chargers will play).
Woodbine now serves as the Doubletree LA’s asset manager and is planning a 2019-2020 renovation for the hotel that will transform guest rooms, guest baths, public spaces, the exterior façade and landscaping along with 25,000 square feet of meeting space. Upgrades will also be made to the fitness center, pool, Share Bistro, Share Wine Lounge and more. The renovation will allow the destination to better meet the wants and needs of today’s travelers as well as those who live, work and play in the surrounding, fast-evolving neighborhood.
Location:
Culver City, CA
Property Type:
Full-service, acquisition, renovation
Opened:
1974
Acquired:
2018
Hotel Guest Rooms:
375
Function Space:
60,000 interior sq. ft.