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Listed by Chris Lee • Berkshire Hathaway HomeService
$120,000,000
Est. payment /mo
171,524 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 171,524 sqft
Price per Sqft $699
MLS Listing ID CROC25184182
HOA Y/N No
Year Built 2021
Lot Size 2.698 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
BHHSCP Commercial Division is pleased to present the rare opportunity to acquire Le Méridien Pasadena Arcadia, a 233-room full-service luxury hotel, newly delivered in 2021, located right next to Santa Anita Park — the slated equestrian venue for the 2028 Olympic Games. This is a stabilized, trophy-caliber hotel in a high-barrier-to-entry market with no renovation need — truly a core, long-term hold for the right buyer. Delivered in 2021, this 233-key, institutional-grade asset is the only Marriott-branded, full-service hotel in the region—and the only luxury hospitality property directly adjacent to Santa Anita Park, the official equestrian venue for the 2028 Olympic Games. The hotel features 14,000 square feet of premium event space, including the only ballroom in the area with floor-to-ceiling windows, as well as a 7,000 square foot outdoor event garden, heated pool, fine dining restaurant, and 24-hour fitness center. Designed by AO Architects with structural engineering by Thornton Tomasetti, the property boasts a steel-frame superstructure with curtain wall glazing and seismic resilience built to California’s 2016 building code.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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