LOS ANGELES-Northwood Investors LLC hasacquired the London West Hollywood, anaward-winning 200-suite resort. The purchase price was notdisclosed, but Hotels Magazine sources reported a purchaseprice of $195 million. Northwood has chosen an affiliate,Northwood Hospitality, to manage the property andhas hired 7-year hospitality expert Jeffrey Kulekas the property's general manager.

"Northwood is pleased to have the opportunity to own and operatesuch a high quality hotel in a supply-constrained hospitalitymarket like West Hollywood," says Jonathan Wang,Northwood managing director. “This is our first hotel acquisitionon the West Coast and exemplifies our focus on luxury hotels instrong hospitality markets."

David Collins Studio designed the interiorspace of the all-suite property, which features a rooftop pool andlounge and a restaurant from celebrity chef Gordon Ramsey.Northwood plans to upgrade and expand the property while continuingthe bespoke service that has made the London West Hollywood a LosAngeles staple. The company's first planned action is a build-outof new luxury hotel suites.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.