CIM Group and Denihan Hospitality Group Announce the First West Coast Location of The James Hotel Brand at CIM’s Sunset La Cienega Development

West Hollywood’s First Ground-Up Hotel in 30 Years to Occupy the City’s Most Coveted Development Site

LOS ANGELES – March 6, 2014 – CIM Group and Denihan Hospitality Group announced today an agreement to bring The James hotel brand to the Los Angeles area, where it will be situated in the heart of the iconic Sunset Strip at the southeast corner of Sunset and La Cienega Boulevards in West Hollywood. The James Los Angeles, the first new ground-up hotel in West Hollywood in approximately 30 years, will be comprised of 286 rooms, two restaurants, rooftop and lobby bar and approximately 10,000 square feet of meeting space – with spectacular views of the Los Angeles area.

CIM Group, the owner and developer of the two-block Sunset La Cienega mixed-use development, selected Denihan Hospitality Group as its joint venture partner for the boutique hotel portion of the project. Denihan, a full-service hotel management company that owns, develops, and operates boutique hotels in major urban U.S. markets, is expanding its presence and The James brand to Greater Los Angeles with The James Los Angeles, which is anticipated to open in 2016.

"We selected The James brand as it brings an inspired guest-experience to West Hollywood and the Greater Los Angeles area," said Shaul Kuba, Founding Principal of CIM Group. “The hotel’s attention to detail and premier amenities complements the distinctive Sunset La Cienega project underway at this legendary Sunset Strip location."

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CIM, an investor in communities throughout North America, is the largest commercial real estate owner in Hollywood with other investments in West Hollywood. CIM has designed and is developing both The James Los Angeles and the two eight-story residential towers directly across La Cienega Boulevard that will consist of approximately 190 residences and approximately 40,000 square feet of prime street retail space.

Sunset La Cienega is surrounded by the many retail, restaurant and entertainment venues in West Hollywood, and will feature plazas and public spaces designed to enhance the pedestrian experience on the Sunset Strip.

"We are excited to be partnering with CIM in one of the most prominent developments in West Hollywood in years,” said Patrick Denihan, CEO, Denihan Investments. “CIM has selected The James as the perfect boutique hotel brand for this location; built with warm, modern design, and enriching the guest experience through authentic, local cultural experiences and intuitive service. As a brand, The James is mindful of the needs of our neighbors, and we look forward to becoming an integral part of the West Hollywood community."

The James Los Angeles will be the fourth hotel operating under the brand, joining The James Chicago, The James New York and The James Royal Palm, Miami. CIM identified the city of West Hollywood as an urban district that meets the firm’s strategic investment guidelines, and made its first investment in the city in 2005. Since then, it has acquired and developed a portfolio of properties in West Hollywood that include office, retail, studios, and multi-family residential uses.

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