Chartres Lodging Group's acquisition of the Lum Hotel for $57.2 million represents the growing market interest in Inglewood, driven by nearby sports venues and recent renovations.
The Lum Hotel, originally purchased by Izek Shomof for $18 million, has undergone substantial renovations, transforming it into a desirable destination for sports and entertainment.
Maki Nakamura Bara emphasized that the renovations aim to create a comfortable modern experience, ideally situated near major sports and entertainment facilities.
Chartres’ strategy includes repositioning the Lum Hotel to attract guests to the burgeoning sports and entertainment district, enhancing its appeal near LAX airport.
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