Cushman & Wakefield, as exclusive advisor, is pleased to present the unique opportunity to either purchase the fee simple interest, or participate in the development of the Schrader Hotel (the “Property) as a joint venture partner. The Property is a fully entitled 203-key hotel project, in the heart of Hollywood, located at 1600 Schrader Blvd., Los Angeles, CA 90017. The Property is approved to be developed as an eleven-story mixed use building, consisting of 191 hotel keys, a ground floor restaurant, activated roof top lounge and 3 levels of subterranean parking, with the additional opportunity to reposition and integrate the existing 12-unit multifamily structure that currently presides at the site. The current developer/owner, Relevant Group, has strategically entitled the project to be constructed via modular construction, allowing for significant cost savings on the construction and an expedited development timeline. The project is positioned as an independently managed, high-end boutique hotel with activated retail.