Lee & Associates Los Angeles West, Inc. has been exclusively retained to offer for sale the fee simple interest in the Cara Hotel, a recently repositioned, award-winning 60-key boutique hotel with a critically acclaimed on-site restaurant, Cara Restaurant. Nestled in the foothills of Griffith Park in the heart of Los Feliz — one of Los Angeles' most sought-after neighborhoods — the Hotel embodies California through thoughtful design, breezy patios, and private courtyard balconies that blur the line between indoor and outdoor living. Following a 2018 acquisition at $16.5 million ($275K per key), the property underwent a comprehensive $17.8 million renovation ($297K per key) that took the asset down to the studs before reopening in September 2020 as a premier luxury-lifestyle destination. The offering is fully unencumbered of brand and management, with a non-union workforce — providing maximum flexibility for a new owner. Strong in-place cash flow with value-add upside through events, ancillary revenue, occupancy, and rate. Premier Los Feliz location at the center of LA's top demand drivers — Hollywood, Silver Lake, Griffith Park, Hollywood Bowl, the Greek Theatre, and Dodger Stadium. Cara Restaurant operates as a standalone demand generator, attracting notable clientele. High-barrier-to-entry submarket with minimal new hotel construction, protecting rate integrity and market position. Pricing expectation is in the mid-$40 millions.
