Daniel Negari buys DTLA hotel for $34M

Daniel Negari bought another hotel — this time in downtown Los Angeles.  The tech founder turned real estate investor purchased Hotel Per La for $34 million, records reveal, or around $140,000 a key. Negari confirmed the buy to The Real Deal.  He purchased the Marriott Autograph Collection hotel at 649 South Olive Street from Waterfall Asset Management, which less than a year ago took over the hotel after the prior owner owed more than $100 million, per records.  The hotel at the corner of 7th and Olive streets once served as the Bank of Italy headquarters. Sydell Group purchased the […]

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