Luxury Beverly Hills Hotel Scores Refi and Repositions
The Burton House in Beverly Hills, located at the southern gateway to the city, has secured $55 million in first mortgage debt to refinance from Mesa West Capital, an affiliate of Seaview Investors.
This 186-room full-service hotel in West Los Angeles, on the northeast corner of Pico Boulevard and South Beverly Drive, recently completed a transformative $13.7 million renovation.
Seaview has been an investment partner in the hotel since 2003. The repositioning brings the asset under the Tribute Portfolio Hotels & Resorts brand.
Improvements included the development of the Emerald Lounge, a new dining and social concept; updated entrances; a revamped lobby; a new fitness center; a 1,100-square-foot yoga and Pilates studio; and the redesign of the guestrooms.
The sponsor, a privately held hotel investment firm based in Newport Beach, Calif., will continue to drive operating performance under the new brand so it can compete with other luxury hotels in the Beverly Hills market, according to Joshua Westerberg, who heads Mesa's West Coast origination team out of the private lender’s San Francisco office.
“The property is well-positioned to take advantage of year-round demand from corporate, entertainment, medical, and leisure guests and commands consistently high rates," he told GlobeSt.com.
“Beverly Hills is also highly supply-constrained, with only one new hotel currently under construction, due to strict zoning and regulatory barriers. This is our first loan with Seaview, which impressed us with its track record of repositioning hospitality under major brands like Marriott and Hilton. As a relationship lender, we anticipate this being the first of many transactions with Seaview.”
Upcoming global events, including the 2026 FIFA World Cup, the 2026 NBA All-Star Game, the 2027 Super Bowl and the 2028 Olympics, are expected to further drive revenue per available room (RevPAR) gains in the city, according to Westerberg, in what is already a leading destination for world travelers.
A recent MMCG Invest report for hospitality showed RevPAR for luxury-tier hotels in early 2025 increased by approximately 4.2% year-over-year, outpacing the 1.9% RevPAR growth in the economy segment for the same period.
Source: GlobeSt/ALM