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Woodbine pays $151.5M for Culver City, Calif., hotel

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Woodbine pays $151.5M for Culver City, Calif., hotel

Woodbine Development Corp. acquired the DoubleTree by Hilton hotel in Culver City, Calif., for $151.5 million from private equity firm Carlyle Group, the Los Angeles Business Journal reported, citing CoStar Group Inc.

The 12-story, 255,000-square-foot property at 6161 W. Centinela Ave. was built in 1974 and features 375 rooms along with 1,400 surface parking spaces.

The deal was consummated July 11, according to the Aug. 9 report.