Chinese investment firm Shenzhen Hazens Real Estate Group has retained boutique hotel brand Luxe Hotels to operate Los Angeles-based Luxe City Center Hotel, which it acquired recently.
The 178-room hotel has been a Luxe Hotels branded property since 2009.
Go deeper with GlobalData
The property earned approximately $15.3m in revenue in the last year and ranks in the top 20 out of 322 Los Angeles hotels on Trip Advisor.
Luxe Hotels owner Efrem Harkham said: "Downtown Los Angeles is going through an amazing revival and it is one of LA’s fastest growing districts. We are excited to partner with the property’s new owners, the Shenzhen Hazens Group, as they continue to carry the Luxe Hotels flag.
"All of our Luxe Hotels branded properties benefit from our exceptional reputation of unrivalled standards of excellence from our three decades of hotel operational experience."
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
