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Berkadia Handles Receivership Sale of Hollywood Hotel
Berkadia arranged the receivership sale of a 70-key boutique Hollywood hotel for an undisclosed amount. Senior managing director Scott Hall and senior director Aaron Lapping of Berkadia Hotels & Hospitality, along with senior managing director – head of special situations Kyle Stevenson, led the transaction. The buyer was not disclosed.
Located at 6500 Selma Ave. and operated as a Mama Shelter hotel and rooftop bar for 10 years before closing in 2025, the property offers panoramic views–including the Hollywood sign–from its rooftop. The hotel is surrounded by upscale dining, nightlife, luxury retail and performing arts venues.
“The asset’s irreplaceable location and incredible physical attributes contributed to significant investor interest from national and regional hotel investors, plus local private and unique capital sources,” said Hall.
Lapping added, “Meaningful business plan optionality and a receiver-driven sale garnered broad market interest and drove a highly competitive process.”
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- ◦Sale/Acquisition
