woodridge capital partners
Fairmont Hotels & Resorts Signs with Next Century Associates for Revitalization and Management of L.A.‘s Historic Century Plaza Hotel
Fairmont Hotels & Resorts | January 23, 2017
LOS ANGELES – January 23, 2017 – Luxury hotel operator Fairmont Hotels & Resorts, now part of the AccorHotels Group, and Next Century Associates today announced the signing of definitive agreements for the revitalization and management of the historic Century Plaza Hotel, located in the heart of Century City in Los Angeles. The iconic, crescent shaped hotel has hosted generations of Hollywood celebrities, foreign dignitaries and every United States President since its opening in 1966. The hotel is currently undergoing a meticulous restoration and is slated to re-open as Fairmont Century Plaza, Los Angeles in 2018. The ad...
$2.5 Billion Century Plaza Development to Get Underway in March 2016; Expected to Re-Open Early 2018
Next Century Associates | December 9, 2015
LOS ANGELES--December 9, 2015--The Century Plaza Hotel development project featuring two 46-story luxury residential towers, restaurants, retail shops and a newly designed 400 room 5-star hotel will get underway in March 2016, according to Michael Rosenfeld, CEO of Woodridge Capital Partners who is leading the $2.5 billion project. The historic hotel will close its doors on March 1, 2016 and is expected to re-open in early 2018. Situated in the heart of Century City at the intersection of Avenue of the Stars and Constellation Boulevard, the 1.5 million square foot hotel and mixed use development will be the centerpiece of a vibrant rena...
Oaktree | November 25, 2015
SAN FRANCISCO--November 25, 2015--The companies that own world renowned Fairmont San Francisco Hotel atop Nob Hill were sold today for $450 million by a partnership between funds managed by Oaktree Capital Management, L.P. ("Oaktree") and real estate investor Michael Rosenfeld's Woodridge Capital Partners LLC. Kingdom Holding Company (KHC) was also part of the selling group. The buyer is comprised of affiliated companies of Mirae Asset Global Investments, a large financial services company based in Seoul, Korea. Mirae is a pioneering financial services company that introduced the first mutual funds to Korea in 1998. Fairmont Hotels &...
Woodridge Capital Partners | December 8, 2014
December 08, 2014 - SAN FRANCISCO - Real estate investor Michael Rosenfeld and his Woodridge Capital Partners today acquired the Stanford Court Hotel at 905 California Street atop Nob Hill in San Francisco. Rosenfeld's entities now control all three Nob Hill hotels having purchased the Fairmont San Francisco in May 2012 and the Mark Hopkins in February 2014, both in partnership with Oaktree Capital Management. With a combined 1,367 rooms, the Stanford Court, Mark Hopkins and Fairmont Hotels sit at one of the most prestigious locations in San Francisco with spectacular views of the city and Bay and within walking distance of the Financia...
IHG (InterContinental Hotels Group) | February 18, 2014
18 February 2014 - InterContinental Hotels Group PLC (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announces the sale of the 383 room InterContinental San Francisco Mark Hopkins**(the "Hotel") to a joint venture between affiliates of Woodridge Capital Partners ("Woodridge") and funds managed by Oaktree Capital Management L.P. ("Oaktree") for $120m gross cash proceeds. IHG will continue to manage the Hotel under a long-term management contract. The Hotel first opened in 1926, and became an InterContinental in 1973. IHG acquired the lessee interest in 1983 and subsequently acquired the freehold in 2010. The new owners have agreed to invest appro...
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