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SOURCE Northwood Investors
NEW YORK, October 15, 2013 /PRNewswire-USNewswire/ -- Northwood Investors LLC ("Northwood"), a leading privately-held global real estate firm, today announced that it has acquired The London West Hollywood, a 200-room hotel in California. Northwood Hospitality LLC, an affiliate of Northwood, will manage the hotel.
"Northwood is pleased to have the opportunity to own and operate such a high quality hotel in a supply-constrained hospitality market like West Hollywood," said Jonathan Wang, Managing Director of Northwood. "We are excited to build upon the success of the hotel by making further capital investments in the property, beginning with the build-out of the new luxury suites. This is our first hotel acquisition on the West Coast and exemplifies our focus on luxury hotels in strong hospitality markets."
The London West Hollywood is an award-winning, all-suite luxury hotel that combines the modern elegance of Beverly Hills with the allure of Hollywood. Beautifully appointed by the renowned interior designer, David Collins Studio, the hotel has become a destination within Los Angeles and a rate-leader within its competitive set. The hotel also boasts gourmet dining from Gordon Ramsey and a magnificent rooftop pool and lounge.
Following the acquisition by Northwood, Jeffrey Kulek will become the General Manager of the hotel. Mr. Kulek is a veteran hotelier with seven years of experience in the market. "We look forward to continuing to deliver the unparalleled level of service and hospitality that has made The London West Hollywood such an esteemed hotel," said David McCaslin, President of Northwood Hospitality. "As we look to the future, it is our goal to expand and elevate this outstanding property, as Northwood has done with its other hotel properties throughout the US."
For more information on The London West Hollywood, please visit the hotel's website, www.thelondonwesthollywood.com
About Northwood Investors
Northwood Investors is a leading privately-held global real estate investment and management firm with approximately $3 billion of assets under management. Founded in 2006 by John Z. Kukral, Northwood employs a fundamental, value-driven investment strategy with a longer-term outlook. Northwood has extensive experience investing in a wide range of real estate assets worldwide, including hotels, shopping centers, office buildings and residential investments, over multiple cycles and property types and geographies, providing the firm with a deep knowledge base, strong relationships, and tremendous access to global real estate resources. Northwood Hospitality manages the hotel portfolio acquired by Northwood Investors. Properties currently under management by Northwood Hospitality include: the New York Palace Hotel in New York (www.newyorkpalace.com), Revere Hotel in Boston (www.reverehotel.com), Cheeca Lodge & Spa in Islamorada, FL (www.cheeca.com), Parrot Key Hotel and Resort in Key West, FL (www.parrotkeyresort.com), and Tranquility Bay Beach House Resort in Marathon, FL (www.tranquilitybayresort.com).
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