Beverly Hilton Owner Announces Agreement To Purchase ‘One Beverly Hills’ Site, 9900 Wilshire
Posted Thursday, November 15, 2018 - 6:28 pm
By Victoria Talbot
Alagem Capital Group and Cain International have announced an agreement to acquire the property formerly known as One Beverly Hills, at 9900 Wilshire Boulevard, directly west of the Hilton – Waldorf Astoria properties.
The specific terms of the deal have not been released.
The 8-acre site, combined with the Waldorf Astoria and Beverly Hilton site will create a combined 17-acre contiguous parcel and over one million square feet of developable property.
“We are extremely excited to acquire this amazing property. Together with our existing Waldorf Astoria and Beverly Hilton sites, we believe we have one of the most unique and exciting collections of properties in the U.S., if not the world. We look forward to working with the City [of Beverly Hills] in creating a new master plan for this site,” said Beny Alagem, CEO of Alagem Capital Group.
For full story see the print edition of The Beverly Hills Courier, or download the e-edition.