Aloft El Segundo - Los Angeles Airport
Property Description
Situated at 475 North Pacific Coast Highway in El Segundo, California, Aloft El Segundo - Los Angeles Airport stands as a premier hospitality property offering a blend of modern amenities and strategic location. This hotel presents a compelling opportunity for investors seeking a foothold in the thriving Los Angeles hospitality market.
Property Overview
Aloft El Segundo features 246 loft-style rooms designed to cater to the needs of today's tech-savvy travelers. The property underwent a significant $20 million conversion project, reopening in 2016 as Los Angeles County's first Aloft-branded hotel.
Amenities and Services
The hotel offers a comprehensive range of amenities, including:
Free Wi-Fi: Complimentary high-speed internet access throughout the property.
Dining Options:
W XYZ® Bar: A vibrant social hub offering craft cocktails and live music.
Re:fuel by Aloft(SM): A 24-hour grab-and-go market catering to guests' needs at any hour.
Recreation:
Outdoor Pool: A refreshing space for relaxation.
Re:charge Gym: A fully equipped 24-hour fitness center.
Pet-Friendly Accommodations: The hotel welcomes pets, accommodating up to two dogs per room with a maximum weight of 40 pounds each.
Parking: On-site parking is available for guests at a daily rate of $45.
Additionally, the hotel provides a complimentary airport shuttle service to Los Angeles International Airport (LAX), enhancing convenience for travelers.
Location and Accessibility
Strategically located just 1.5 miles from LAX, the hotel offers seamless access to major attractions, including Manhattan Beach, Dignity Health Sports Park, SoFi Stadium, and Kia Forum. Its proximity to the Pacific Coast Highway ensures excellent connectivity to the broader Los Angeles area.
Market Performance and Investment Potential
In 2017, the property was part of a significant transaction where Rubicon Holdings LLC sold the Aloft El Segundo and the adjacent Fairfield Inn & Suites by Marriott to The Blackstone Group LP for $139 million, equating to approximately $233,000 per room.
The Los Angeles hospitality market continues to exhibit robust performance, with high occupancy rates and strong average daily rates (ADR). The city's status as a global tourist destination and business hub contributes to sustained demand for quality accommodations.
Aloft El Segundo - Los Angeles Airport represents a prime investment opportunity, combining modern amenities, strategic location, and a track record of strong market performance. Its proximity to LAX and major attractions, coupled with its comprehensive guest services, positions it favorably within the competitive Los Angeles hospitality sector.
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$55,000.00 USD
Per share amountReal Estate Investor
Alex Fisher
Join 2 months ago
James Whitehead
Join 2 months agoLatest Properties
