Berkadia Negotiates Receivership Sale of Boutique Hotel in Los Angeles, California
Los Angeles, California – April 15, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the receivership sale of an iconic 70-key boutique Hollywood hotel in Los Angeles, California. Senior Managing Director Scott Hall and Senior Director Aaron Lapping of Berkadia Hotels & Hospitality, along with Senior Managing Director – Head of Special Situations Kyle Stevenson, led the transaction.
Located at 6500 Selma Ave, the property 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 world-renowned entertainment district, the hotel is surrounded by upscale dining, nightlife, luxury retail, and performing arts venues.
“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,” Hall said. “Meaningful business plan optionality and a receiver-driven sale garnered broad market interest and drove a highly competitive process,” added Lapping.
Hollywood has recently attracted leading entertainment companies like Netflix and HBO, thanks to its skilled, educated, and entrepreneurial workforce. The hotel is ideally located just two blocks from the Hollywood/Vine Metro Station, providing access to the B Line for convenient travel to Universal Studios Hollywood, NoHo Arts District, Griffith Observatory, and Downtown Los Angeles.
Berkadia Hotels & Hospitality combines best-in-industry innovation, knowledge, and experience with the most comprehensive suite of products and services. Berkadia serves clients across the country, offering capital markets advisory, investment sales, underwriting and loan origination services as well as Life Company, and Proprietary Bridge Lending. As specialized partners, we empower clients to capitalize on the right opportunities at the greatest value.