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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.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at Los Angeles Business JournalConnect With WoodbineConnect With Eastdil Secured’s Deming

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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