LOS ANGELES—On behalf of an ownership group led by SBE Entertainment Group and Nimes Capital, Jones Lang LaSalle's Hotels & Hospitality Group has secured $125 million of refinancing proceeds for the SLS Hotel at Beverly Hills. The 297-room, award-winning luxury hotel is located on prestigious La Cienega Boulevard at the crossroads of Beverly Hills and West Hollywood.

Jones Lang LaSalle EVP Mathew Comfort, senior vice president Reid McGlamery and vice president Mike Huth, in conjunction with managing director John Strauss and SVP James Stockdale arranged the transaction.

“The financing for the SLS Hotel at Beverly Hills represents a unique opportunity to lend on a high-quality, trend-setting hotel that is well-located in one of the top lodging markets in the country and backed by premier sponsorship,” said Comfort. “SBE Entertainment Group is well positioned to capitalize on further food and beverage opportunities, and continue the impressive top- and bottom-line results the hotel has achieved to date.”

“Backed by the growth of the SLS Hotels brand and improving market fundamentals in Los Angeles, over the last three years the hotel has established itself as one of the premier hotels in the world, and is poised to anchor the SLS Hotels brand's global expansion,” added McGlamery.

SBE Entertainment Group acquired the former Hotel Nikko and Le Meridien hotel in November 2005, and closed for a transformative renovation in June 2007. Upon completion in October 2008, the hotel reopened as the SLS Hotel at Beverly Hills, a member of Starwood Hotels & Resorts Luxury Collection. Designed by Philippe Starck and featuring cuisine by James Beard Award-winning chef José Andrés at The Bazaar, this flagship location has made the SLS Hotels brand synonymous with style, luxury, exceptional service and timeless elegance.

“We're very pleased with the sustained success of the SLS property in Beverly Hills, and as a result of the refinancing, we're poised for continued success for years to come,” said David Nazarian, CEO Nimes Capital.

Jones Lang LaSalle's dedicated Hotel Investment Banking team is a nationwide platform with an extensive track record of financing and recapitalizing hotels. Over the past seven years, we have closed over $8 billion in financings and more than $2 billion in 2012 alone.

Jones Lang LaSalle's Hotels & Hospitality Group serves as the hospitality industry's global leader in real estate services for luxury, upscale, select service and budget hotels; timeshare and fractional ownership properties; convention centers; mixed-use developments and other hospitality properties. The firm's more than 265 dedicated hotel and hospitality experts partner with investors and owner/operators around the globe to support and shape investment strategies that deliver maximum value throughout the entire lifecycle of an asset.