Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-The private equity arm of John A. Pritzker, Geolo Capital has acquired a 12-story hotel situated near LAX from Marathon Asset Management LLC, a New York-based hedge fund.

The 250-room boutique hotel, which was re-launched in 2007 as Custom Hotel, was originally launched in 1975 by Palisades Development Group. Palisades lost the hotel to the hedge fund in a foreclosure. San Francisco-based Joie de Vivre Hospitality will handle the management of Custom. Jones Lang LaSalle Hotels negotiated the deal. For the full story, go to Los Angeles Business Journal.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.