Nestled in the foothills of Griffith Park in the coveted Los Feliz neighborhood of Los Angeles, the Cara Hotel stands as one of the city's most distinctive boutique hospitality destinations — a place where California's indoor-outdoor ethos is expressed through breezy patios, private courtyard balconies, and thoughtfully curated design.
Originally built in 1947, the property underwent a dramatic transformation beginning with its 2018 acquisition at $16.5 million, followed by a comprehensive $17.8 million ground-up renovation that took the building down to the studs. The hotel reopened in September 2020 as a reimagined luxury lifestyle destination, carrying forward its architectural bones while emerging with an entirely new character.
The Cara Hotel comprises 55 guest rooms across two stories — 53 standard guest rooms and 2 suites — with an exterior corridor layout that embraces the property's indoor-outdoor DNA. The on-site Cara Restaurant operates as a standalone dining destination in its own right, drawing a notable local clientele well beyond the hotel's guest base.
Its location places it at the center of Los Angeles' strongest hospitality demand drivers — Hollywood, Silver Lake, and Griffith Park are all within immediate reach, as are the Hollywood Bowl, the Greek Theatre, and Dodger Stadium. The area's high barrier to entry and constrained new supply further underpin the asset's long-term rate integrity.
From an investment standpoint, the property is offered fee simple, fully unencumbered of brand or management obligations, and operates with a non-union workforce — a rare combination that gives a prospective owner or operator maximum flexibility to shape the asset's next chapter. The listing is being handled exclusively by Lee & Associates Los Angeles West, Inc., with pricing expectations in the mid-$40 millions.
Today, the Cara Hotel stands as a compelling example of what thoughtful repositioning can achieve in a supply-constrained urban submarket — an award-winning property that balances strong in-place cash flow with meaningful upside through events, ancillary revenue, and rate optimization.
Click Here for the Full Listing.
