KHP Capital Partners is trimming its Los Angeles-area hotel holdings after attracting interest from an international investor. San Francisco-based KHP sold the 105-key Kimpton La Peer to Japanese hotel company APA Group for $63 million, or $600,000 per room, the Los Angeles Business Journal reported. KHP completed the five-story hotel at 627 La Peer Drive in West Hollywood’s Design District in 2017. The structure was erected on a former industrial block now occupied by fewer such firms like Anawalt Lumber. The Kimpton La Peer property was the first hotel to open in the area surrounding West Hollywood’s Pacific Design Center. […]
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