Sam Nazarian's SBE Entertainment Group Acquires the Le Meridien Hotel Beverly Hills; Plans to Redesi
LOS ANGELES, CA, November 9, 2005. SBE Hotel Group (SBEHG), a division of Sam Nazarian's SBE Entertainment Group, is pleased to announce the purchase of the Le Meridien Hotel Beverly Hills from Le Meridien Hotels & Resorts.
"The Le Meridien Beverly Hills is a spectacular property in a strategic location. It is a landmark destination in an elegant district of Los Angeles and is conveniently adjacent to major business centers, cultural attractions and LA's nightlife," said Arash Azarbarzin, President of SBE Hotel Group. "It is the perfect addition to SBEHG's acquisition strategy that focuses on creating unique, lifestyle-driven properties in world-class cities."
The 270,000 square foot hotel features 297 bedrooms (including 55 luxurious suites), state-of-the-art conference facilities (including 10,000 square feet of meeting space), a deluxe spa, and a superior health club and exercise facility. The property also boasts two unique dining destinations, including Morton's Steakhouse renowned for its star-studded Oscar bash. Centrally located at 465 S. La Cienga Blvd on LA's restaurant row, the hotel is only minutes away from Rodeo Drive, Beverly Hills, The Wilshire Business Corridor, The Grove, The Farmer's Market, Santa Monica beach and many major Hollywood film studios.
With entrepreneurial insight and panache for trend setting, SBE Hotel Group and its affiliated entities are quickly earning a reputation for demonstrating a distinctive style, innovative design and exceptional service. SBE Hotel Group will extend its proven hospitality formula to the successful repositioning of the Le Meridien Beverly Hills. Currently SBE's hotel division is exploring several exciting options, including teaming with world-renown designer, Philippe Starck, to redesign the property.
This marks the second recent acquisition for SBE Hotel Group. In a joint venture with Makar Properties, SBEHG purchased the historic Miami Ritz Plaza, South Beach, Miami. Philippe Starck has been commissioned for the complete renovation of this magnificent, ocean-front property.
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