Work due to start on West Hollywood Edition

US: New York developers Witkoff Group and New Valley have secured a $260 million to build the West Hollywood Edition Hotel & Residences.

US: New York developers Witkoff Group and New Valley have secured a $260 million to build the West Hollywood Edition Hotel & Residences.

The LA property will be the first Edition hotel on the West coast. Financing was arranged by Jones Lang Lasalle, and will cover the majority of the hotel’s $300-million construction budget. Construction is due to start this spring.

The partnership between Howard Lorber’s New Valley and Steve Witkoff’s Witkoff Group sold the Miami beach and New York Edition hotels to the Abu Dhabi Investment Authority for more than $500 million combined.

www.editionhotels.com

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