NEW YORK--(BUSINESS WIRE)--Witkoff, a global real estate development and investment firm, and New Valley LLC, the real estate subsidiary of Vector Group Ltd. (NYSE: VGR), announced today the topping out of The West Hollywood EDITION Hotel and Residences, an innovative two-tower development that is poised to redefine luxury lifestyle in West Hollywood.
This bold, high-profile project is the west coast flagship of the EDITION brand and marks Witkoff’s entry into the Los Angeles market. Designed by renowned architect John Pawson in collaboration with Ian Schrager, The West Hollywood EDITION Hotel and Residences will feature 190 stylish guest rooms and 20 exclusive residences with spectacular panoramic views of Los Angeles and the coastline.
Situated at the corner of Sunset Boulevard and Doheny Drive, The West Hollywood EDITION Hotel and Residences will offer unparalleled lifestyle experiences to guests and residents alike. The ultra-luxury development is conveniently located in proximity to world-class shopping, exclusive dining and trend setting nightlife – a unique aspect that is available to very few markets around the globe. Together, these attributes and the project’s unmatched indoor-outdoor living spaces make it a one-of-a-kind destination.
“This is the best located hotel within West Hollywood, a high barrier to entry market and one of the highest RevPAR submarkets in the country,” said Steven Witkoff, Chairman and CEO of Witkoff. “The housing market in Los Angeles is robust and the quality of our product is stronger than that of any building in the market today.”
Witkoff is a privately held, global real estate development and investment firm headquartered in New York City. Founded by Steven Witkoff in 1997, the firm is a market leader in the ownership and development of premier residential, hospitality, office, retail, and mixed-use projects in major cities both in the United States and abroad. Witkoff specializes in identifying and acquiring undervalued properties in key central business district locations as well as assets with strong repositioning potential in gateway markets. Leveraging a vertically integrated, operationally focused approach to project development, with in-house teams focused on acquisitions, financing, design, development, construction, sales and marketing, and asset and property management, Witkoff has consistently executed creative strategies across diverse asset classes.