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The $2B One Beverly Hills development will include an ultra-luxe hotel called Aman.
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The 106-key hotel offers a wide mix of accommodations for rent, including lofts and beds in shared rooms.
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The hospitality and leisure sector lags behind all others in post-pandemic employment trends, complicating the recovery of the hotel industry.
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Small owners are starting to look for buyers as capital runs out following a tough period for European hotels
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The Saudi fund is one of the top 10 sovereign wealth funds in the world.
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Interest in the Irish hotel market from international investors is heating up
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Investors are betting on the appeal of outdoor-oriented luxury hospitality.
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As group and business travel increases, urban markets are beginning to see their hospitality industries recover, and owners see more positive tailwinds.
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The redevelopment site sold for $18M.
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Slowing activity as a result of rising interest rates and a potential economic downturn are being outshined in the data by billion-dollar deals.
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