A High-End Boutique Hotel Concept
Here is a great concept for upstairs office conversion to high end boutique hotel suite and/or we work office spaces.
The current zoning for this property allows for hospitality, subject to city approval, guidelines, parking, etc. An amazing transformation MIGHT be possible for the 21 upstairs offices to be converted to high end, exclusive hotel suites or rooms.
Combining the two elements of food and entertainment plus the new exclusive club/hotel upstairs would raise the cap rate and provide a handsome return.
Re-purposing the building with a high demand need on Hollywood Blvd.
The need is unprecedented for food and office space in the new "Hollywood Historic District."
"Build it, and they will come,"
— Field of Dreams, Kevin Costner