The Dolby Theatre was bought for $50 million by JEBS Hollywood Entertainment, reflecting a significant depreciation from its initial $94 million construction cost in 2001.
The 180,000-square-foot Dolby Theatre has hosted the Oscars for over two decades, and its recent sale signals evolving ownership dynamics in Hollywood.
JEBS Hollywood Entertainment, led by Elie Samaha, secured a loan from Castellan Real Estate Partners to help finance the Dolby Theatre purchase.
The buyer group for Dolby Theatre includes notable figures like former Sony Pictures President Jeff Sagansky and Sheikh Abdulla Bin Mohamed Al Qasimi.
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