Berkadia has completed the receivership sale of a 70-key boutique hotel in Hollywood, with pricing and the buyer not disclosed. The assignment was handled by Berkadia Hotels & Hospitality, with senior managing director Scott Hall and senior director Aaron Lapping leading the effort, alongside Kyle Stevenson, senior managing director and head of special situations, reflecting the involvement of the firm’s specialized distressed and complex-asset team.
The hotel is located at 6500 Selma Ave in Hollywood and has historically operated as a Mama Shelter-branded hotel with a rooftop bar. The property, which had been in operation under the Mama Shelter flag for approximately a decade, closed in 2025. During its run, the hotel became known for its rooftop experience, which provides panoramic views that include sightlines to the Hollywood sign.
The surrounding area offers an urban, amenity-rich setting that places the property amid upscale dining, nightlife venues, luxury retail options and performing arts destinations. This positioning within a dense entertainment and lifestyle corridor contributes to the asset’s profile as an infill hospitality property in a highly trafficked neighborhood.
According to Berkadia’s team, the hotel’s combination of an irreplaceable Hollywood location and strong physical characteristics generated significant attention from investors. Hall noted that interest came from a broad mix of national and regional hotel investors, as well as local private investors and other distinct capital sources seeking exposure to the submarket’s hospitality sector.
Lapping emphasized that the receivership structure and the flexibility for implementing various business plans helped widen the field of prospective buyers. The receiver-driven process, together with the property’s optionality for future positioning, was cited as a key factor in producing a highly competitive marketing and bidding environment, even as specific terms of the winning offer remain confidential.
While the identity of the buyer and the purchase price were not released, the completed sale demonstrates ongoing investor engagement with well-located boutique hotel assets in Hollywood, particularly where there is an opportunity to reposition or rebrand a closed property coming out of a receivership context.
