T
he Chartres Lodging Group has recently acquired a 179-room hotel in Inglewood for $57.2 million, which is triple its value seven years ago. The hotel is located near the newly opened Intuit Dome, home of the L.A. Clippers, and other notable establishments like the Los Angeles Times and Commercial Observer. The seller was Downtown Los Angeles-based Izek Shomof, who bought the three-story inn in 2017 for $18 million, or $100,559 per room. The hotel, originally known as the Airport Park View Hotel, was renovated by Shomof to include a new pool, gym, and a 10,000-square-foot Cork & Batter restaurant, which opened in 2022 across three levels, including a rooftop bar.

    Broker Rod Apodaca of RJA Hotels held the listing for the property. The Chartres Lodging Group recently announced its grand reopening of the hotel after further renovations, which included room updates and a resort-style outdoor swimming pool with an outdoor bar and a rooftop terrace. The company plans to reposition the hotel as a lodging destination catering to a sports and entertainment district that includes the 26-acre, 18,000-seat Intuit Dome and the 300-acre, 70,000-seat SoFi Stadium.

    The 61,400-square-foot hotel is also expected to attract travelers due to its proximity to Los Angeles International Airport. Maki Nakamura Bara, president and co-founder of Chartres, stated that the company has created an environment where comfort meets modern design, all while being located near the world's largest sports and entertainment venues.

    Early this year, West L.A.-based Arya Group filed plans to build a 15-story, 174-room boutique hotel next to the Intuit Dome. The developer, led by Ardie Tavangarian, is known for constructing super mansions across Los Angeles.

    Chartres Lodging Group, founded in 2002 by Robert Kline and Maki Nakamura Bara, has acquired over $3 billion in hotel properties and conducted an additional $1 billion in renovations, according to its website.