Global Mutual Real Estate partners with BLVD Hospitality on Acquisition of Iconic LA Hotel
LOS ANGELES (Aug. 26, 2020) – Paul Hastings LLP, a leading global law firm, announced today that the firm served as legal advisor to real estate investment company Global Mutual Real Estate, LLC, in its acquisition of the iconic boutique Los Angeles-area hotel, The Georgian.
Global Mutual partnered with BLVD Hospitality to acquire the storied Art Deco hotel from the private investor 4DS, L.P. Deal terms were not disclosed. The Georgian opened in 1933 and has hosted a long roster of Hollywood celebrities.
“Since the pandemic hit the U.S., there haven’t been many regular hotel trades – a handful at most,” said Mr. Alavi. “The acquisition of the Georgian, which is a storied Los Angeles landmark, underscores the increasing importance of having the right asset in an important market, together with a compelling business narrative.”
Paul Hastings’ Real Estate team provides deep insight into the challenges of conducting transactions in today’s global economy, as well as guidance on how our clients’ real estate strategies can support their continued growth. Our collaborative interdisciplinary approach allows us to develop sophisticated structures and innovative solutions for some of the most complex multi-jurisdictional real estate and hospitality deals in the world. With lawyers who focus exclusively on the real estate industry, we have handled many of the largest deals of the past several decades.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.