Dodgers Co-Owner Takes Stake in Beverly Hilton Hotel
- Complex is said to be valued at $1.2 billion with transaction
- Beverly Hilton is known for Golden Globes, Milken conference
Former Guggenheim Partners President Todd Boehly’s Cain International bought a stake in the Beverly Hilton and adjacent Waldorf Astoria Beverly Hills, a storied hotel complex that hosts Hollywood and Wall Street royalty as the home of the Golden Globe Awards and Milken Institute Global Conference.
Boehly’s firm acquired the interest from Beny Alagem’s Oasis West Realty LLC, said Harvey Englander, a spokesman for Oasis. Alagem first bought a stake owned by 54 Madison Partners, Englander said. The sale values the complex at $1.2 billion, with Cain International -- owned by Eldridge Industries, a private investment firm co-founded by Boehly -- investing $345 million and assuming debt associated with the property, according to a person with knowledge of the deal.