The investment partnership, the first between the two firms, encompass the Waldorf Astoria Beverly Hills and the Beverly Hilton hotel properties.
The Summit, located just one block north of the existing Arch building in the heart of downtown, will double the footprint of the convention center when it opens for business in 2022.
The team, led by real estate veterans and executive managing directors Sergio Pérez, SIOR and Samuel Campos, includes 18 producers, six of whom are senior experts, NKF reports.
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