Ian Schrager, Ed Scheetz Land $117M Refi for Public Hotel West Hollywood
Why this matters
Hospitality has separated by chain scale and demand segment, with luxury and resort outperforming and select-service holding pricing power on a leaner cost base. New construction starts remain at multi-decade lows, which has supported in-place RevPAR and made conversions of soft-branded flags an increasingly active part of transaction velocity. Los Angeles is working asset-by-asset through an extended office reset. Hospitality on the West Side and selective industrial in the South Bay are where capital is currently moving; downtown Class B remains in price discovery. For sponsors with operational expertise, the sector continues to offer one of the more compelling income-plus-appreciation profiles available across CRE.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The eighth Los Angeles story tracked on the wire in September 2026. All Los Angeles coverage →
- Disclosed hospitality deal value tracked in September 2026: $172.1M across 3 reported transactions. All Hospitality coverage →
Computed from Real Estate Trail’s own tracked coverage
Hoteliers Ian Schrager and Ed Scheetz have secured $116.5 million of bridge debt to refinance a Los Angeles hotel set to make its Hollywood debut. Driftwood Capital and Benefit Street Partners provided the loan for th…
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