350 Key Hotel Indigo Downtown LA For Sale

Location: South Francisco Street/Eight Street, Los Angeles, California, USA

Name: The Hotel Indigo Los Angeles Downtown

No. of Keys: 350

The Opportunity: The Hotel Indigo Los Angeles Downtown, one of the brand’s largest
outposts, opened in February 2017, boasting 350 guestrooms in the city’s Historic Core district. Designed by HBA, the hotel is inspired by four stories ranging from the city’s late-1800s parades to the speakeasies and early Hollywood glamour of the 1920s.

The feature of IHG’s Indigo brand is that each hotel reflects the area it is situated in, which this hotel does in spades.

The grand lobby guides visitors through the timeline, beginning with bicycles, buggies, and other moving machinery dressed in elaborate flower displays in reference to the Fiestas de las Flores parade of the late 1800s, known today as the Rose Parade.

The walls of the lobby lounge are outfitted with large murals of ghosted flowers and imagery of
decorated carriages and crowds, while a custom, 30-spoke chandelier hangs above reception, illuminating a floral penny-farthing bike on display.

The lobby’s Metropolis Kitchen + Bar channels the secret tunnels and underground parties of the 1920s during Prohibition. The space is divided with a seating-filled passageway, and the bar is embellished with brass and copper to reflect the 20-foot-tall wall and tin tile ceiling. A more intimate seating area is located on the opposite side of the tunnel, featuring softer tones and a jazz mural reminiscent of a speakeasy atmosphere.

The neighbourhood’s theatres serve as the inspiration for the 18th Social lounge, located on the hotel’s 18th floor. Blue velvet and eclectic, modern patterns span the venue, where a variety of seating adds a unique flair to the environment, which is cast in dark blue tones, neon lighting, and multiple metal finishes. Vintage framed photography hangs on the walls, depicting the theatres lining Broadway, while a large-scale worm’s eye view of a theatre is projected on the ceiling.

Guestrooms and suites nod to the emergence of old Hollywood, paying particular attention to Anna May Wong, who is considered the first Chinese American movie star. Loose furniture pieces infuse a residential quality, while murals over beds capture an imagined window view from the 1920s.

Meeting and convention space channels formal wear patterns and textiles of the early 1900s. Two large murals on the fourth floor showcase dancing attendees at early 20th-century galas.

The hotel includes three spacious luxury suites, including the Presidential suite inspired by hotel muse Anna May Wong. Guests have access to a 24-hour fitness centre and nearly 22,000 sq. ft.
of meeting space across 11 rooms. The hotel has an outdoor pool on Level 4. LS

Main Photo: The exterior entrance to this 18 storey hotel

Tenure: Freehold.

Financials: Figures available for 2017-19 upon signing a NDA/LOI…5% yield

Brand/Management: Agreement in place with IHG under the Indigo brand

Current Owner: A private company

Agent: Local agent in partnership with The Hotel Property Team

Guide Price: US$200m

Guide Price per Key: $571,428

Date Posted: August 2020

THPT Comment: A cracking opportunity to acquire this great looking hotel, complete with 1920s decor.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

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For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.