Behind The Deal: How An Asian Hospitality Firm Scored An Iconic Hollywood Site
After a couple of failed bids to sell the property over the last five years, Yamashiro Restaurant and Hollywood Hills Hotel & Apartments has just been sold for nearly $40M to 1999 Sycamore LLC, a hospitality investment and development firm in Asia.
Bisnow caught up with Colliers International EVP Kitty Wallace to get the scoop. The property was marketed with no listing price, according to Kitty, who handled the sale along with Colliers EVP Stephen Algermissen.