This week CIM just sold their newly built 286-room James Hotel on the southeast corner of Sunset and La Cienega boulevards to Starwood Capital Group.
The James Hotel was the first new ground-up hotel in West Hollywood in three decades. The property reportedly sold for nearly $280 million, putting it in elite company as one of the highest price per key ($975,000/unit) deals in recent history.
PlanNet who was the Technology Project Manager and Low Voltage Designer for the 10-story, 235,000-square-foot James Hotel, would like to congratulate the CIM Group on this colossal deal.
The post CIM Closes Colossal Deal to Starwood Capital for the James Hotel appeared first on PlanNet.
