The Edition Hotel Brand is set to bring its latest project to West Hollywood after developers secured $260 million in financing. The new trendy boutique hotel will be a luxurious 190-room property with not one but two rooftop pools. The project is expected to be underway on the Sunset Strip this spring.
The financing, disclosed this week and arranged by brokerage Jones Lang Lasalle, will cover most of the estimated $300-million construction budget for the project at Sunset Boulevard and Doheny Drive, which will include as many as 20 expensive condos.
That price tag implies a very high-end property, fitting for its location on the Sunset Strip, which has become a magnet over the last few years for posh hotels.
Developers have proposed or are building hotels at a handful of spots, including a 149-room hotel at the site of the now-closed House of Blues and another rumored for atop the old Hustler store.
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