Boutique Hotel Hits DTLA Historic Core


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 The 10-story property was originally built in 1922.
LOS ANGELES—UK-based lifestyle group Hoxton has purchased the former Los Angeles Transit Building, a historic 1922 building located at 1060 S. Broadway, for $30 million from a private investment group. The buyer plans to convert the 10-story, 89,136-square-foot building into a boutique hotel development.“We got an extreme amount of interest, and we actually didn’t do a traditional marketing campaign,” Mike Condon Jr., a VP at JLL, tells GlobeSt.com. “We did a limited release to a few select buyers, and within two weeks of finalizing and offering memorandum, we secured a buyer.”…

Boutique Hotel Hits DTLA Historic Core

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