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Luxury extended-stay hotel coming to Beverly Hills

Roger Vincent Los Angeles Times
Electronic Arts Inc. will remain at the Water’s Edge office complex on Lincoln Boulevard in Playa Vista after signing a lease estimated at more than $35 million. (Maguire Investments / January 10, 2012)

Electronic Arts Inc. will remain at the Water’s Edge office complex on Lincoln Boulevard in Playa Vista after signing a lease estimated at more than $35 million. (Maguire Investments / January 10, 2012)


Korman Communities plans to turn the Crescent Beverly Hills apartments into AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night.



A Pennsylvania developer has spent $85 million on a Beverly Hills apartment complex it plans to turn into a luxurious extended-stay hotel.

Korman Communities bought the Crescent Beverly Hills apartments from C-III Capital Asset Management. The upscale apartments at 155 N. Crescent Drive were completed in 2006.

When the property reopens this summer, it will be called AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night and guests must agree to stay a minimum of 30 days, Korman said.

Renovation plans include an upgraded lobby and the addition of a lounge, cafe, fitness center and outdoor space for residents' use.


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