Seaview Investors has received a $55 million injection to refinance a hotel in West Los Angeles.
Los Angeles-based Mesa West Capital provided an affiliate of Seaview with the five-year, first-mortgage debt tied to the 186-room Burton House Beverly Hills, according to a press release from the lender. The hotel is just south of the Beverly Hills city limits at 1177 South Beverly Drive
With the $55 million, Newport Beach-based Seaview will continue to power operations under the new Tribute brand and to compete with other luxury hotels in the Beverly Hills market, according to Joshua Westerberg, head of West Coast originations at Mesa West.
Seaview has been an investment partner in the hotel since 2003 and recently completed a $13.7 million makeover as part of the hotel rebranding under Marriott’s Tribute Portfolio Hotels & Resorts moniker. Guest rooms, lobby and entrances were redesigned and a new fitness center and 1,100-square-foot yoga and Pilates studio were added. The firm developed the Emerald Lounge dining and social space in the hotel.
“The Burton House is already establishing itself within the market as it leverages the upgraded offerings and guest experience, the Marriott brand and its prime location,” Westerberg said in a statement. “This is evidenced by significant increases in both net operating income and occupancy since renovations were completed. We see even further upside as Seaview continues to season the asset.”
The upcoming 2026 FIFA World Cup, 2026 NBA All Star Game, 2027 Super Bowl and 2028 Olympics are expected to further drive gains in revenue available per room, a key performance benchmark in hospitality, Westerberg noted.
Five years on from the outbreak of the pandemic, the hospitality sector has recovered to pre-pandemic levels, with luxury and upper-scale hotels outperforming other classes, according to MMCG Invest’s U.S. Hospitality Market Outlook 2025 report. RevPAR for luxury-tier hotels grew about 4.2 percent year-over-year from early 2024; by contrast, the economy segment of the market saw a 1.9 percent growth in RevPAR.
With additional reporting provided by Alena Botros.
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