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California  + Los Angeles  + Hospitality  | 

Woodbine Claims Culver City Hotel for $152M

Dallas-based Woodbine Development acquired the 375-room DoubleTree by Hilton Hotel in Culver City, CA from Washington, D.C.-based Carlyle Group for $151.5 million. The three-star property encompasses a 255,000-square-foot hotel and two acres of land at 6161 W. Centinela Ave.

The 12-story hotel is adjacent to the 405 and 90 freeway interchange, and near Los Angeles’ Playa Vista and Westchester neighborhoods. Built in 1974, the hotel property also has 1,400 surface parking spaces.

Eastdil Secured’s Patrick Deming and Andrew Holt represented the seller. The buyer was self-represented.

Woodbine’s hotel portfolio is mainly concentrated in Texas, though in California it owns the 175-room Marriott-branded AC Hotel Irvine, the observation deck on the U.S. Bank Tower in DTLA ,and the Hilton Pasadena.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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