Saturday, January 10, 2015

HFF closes sale of 488-room Los Angeles Marriott Burbank Airport Hotel


Los Angeles Marriott Burbank Airport Hotel, 2500 North Hollywood Way, Burbank, CA


Scott Hall
SAN DIEGO, CA – HFF announced that it has closed the sale of the Los Angeles Marriott Burbank Airport, a 488-key, full-service, Marriott-branded hotel and conference center in Burbank, California. 

HFF marketed the property on behalf of the seller, a privately-owned real estate investment company.  

The joint venture of AWH Partners, LLC and Starr Companies purchased the offering.  AWH Partners, LLC is a privately held real estate investment, development and management firm and Starr Companies is a global insurance and investment organization. 

                The hotel is located at 2500 North Hollywood Way adjacent to the Bob Hope Airport and Amtrak-Burbank Airport train terminal in the north Los Angeles suburb of Burbank.

 The Los Angeles Marriott Burbank Airport is located in the Tri-Cities office market, the fourth largest office submarket in the Los Angeles area. 

  The hotel, which recently underwent a $10 million renovation, is composed of a nine-story West Tower and eight-story East Tower with an adjacent conference center that features nearly 46,000 square feet of indoor/outdoor function space.

Bob Hope Airport, Burbank, CA
 Ninety-three suites, 219 king and 269 double rooms comprise the 488 guest rooms, and amenities include a fully-equipped fitness center, business center, two heated outdoor pools, spa and a concierge lounge and restaurant with dine-in and in-room dining options.

                The HFF investment sales team representing the seller was led by managing director Scott Hall.

                “The Marriott Burbank transaction represented a unique opportunity for the buyer to benefit from the asset’s strong and continuously improving performance following our client’s strategic capital improvements, while also presenting additional upside from future business plan flexibility,” Hall said.


 “The strength of the Burbank submarket, the robust underlying fundamentals for Southern California’s lodging market, and recent renovations which have significantly enhanced the hotel’s competitive positioning all point to significant RevPAR gains for the property moving forward.”





For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com


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