August 9, 2025 #1 Local News, Information and Event Source for the Century City/Westwood areas.

Local Investor Buys Westwood Claremont Hotel for $12.25 Million

Claremont

Shamina Investments will redevelop and rebrand the 55-room Tiverton Avenue property, which was built in 1939.

Los Angeles-based Shamina Investments has purchased Westwood’s Claremont Hotel at 1044 Tiverton Ave., for $12.25 million.

The announcement was made by lending group Thorofare on April 26, and the seller was the Quilico family (listed as MFQ Investment Inc.), which has owned the 18,500 square foot building since it was built in 1939.

Shamina Investments was established in 2012, and Benjamin Keywanfar, Shamina Investments’ managing partner, will join forces with Paligroup and revamp the aging hotel and rebrand it as the Palihotel Westwood, according to The Real Deal.

However, while the renovations on the property continue – which will include updating the hotel’s rooms, common areas and lobby, along with some cosmetic changes to the exterior – the property will remain a Claremont hotel.

Thorofare Capital has given Shamina an $11.25 million five-year loan to cover the acquisition and redevelopments costs.

Keywanfar told the Los Angeles Business Journal, “[MFQ] moved on to other industries and felt it was the right time to bring in a new owner that could maintain the history of what they built and deal with a lot of the neglected elements. The bones of the building were amazing. … It just needs some love.”

While Keywanfar wouldn’t state how much money he plans to spend on the renovation, the projected reopening of the newly-branded Palihotel Westwood is slated for February 2018.

 

 

Related Posts

Trump Administration Demands $1B From UCLA Over Campus Protests To Restore Funding and to Appoint Federal Monitor

August 9, 2025

August 9, 2025

Proposed Deal Ends Race and Ethnicity-Based Scholarships, Halt to Gender-Affirming Care  Federal officials are seeking $1 billion from the University...

Salt & Straw Debuts Farmers Market-Inspired Flavors for August

August 9, 2025

August 9, 2025

Series Features Peak-Season Produce in Inventive Ice Creams Salt & Straw has rolled out a new limited-edition collection celebrating peak...

Los Angeles DA Nathan Hochman Seeks to Block Menendez Brothers’ Push for New Trial

August 9, 2025

August 9, 2025

Defense Team Claims It Proves Long-Standing Allegations, File For Clemency Los Angeles District Attorney Nathan Hochman has formally urged a...

From Pop-Up to Permanent: Mustard’s Bagels Secures Home Base in Culver City and Is Now Open

August 9, 2025

August 9, 2025

Bakery Will Bake Bagel Favorites and Seasonal Specials While New Space Takes Shape. By Dolores Quintana There’s even more great...

Pepperdine Crash Defendant Hires High-Profile Attorney, Pleads Not Guilty

August 9, 2025

August 9, 2025

Fraser Michael Bohm Now Represented by Celebrity Defense Lawyer  Facing multiple murder and manslaughter charges, Malibu resident Fraser Michael Bohm...

Live Like Braun Memorial Tournament Honors Athlete’s Life on His Birthday on August 9

August 8, 2025

August 8, 2025

Players and Community Members Will Gather to Celebrate Braun Levi’s Life Friends, family, and supporters of the late Braun Levi...

Full Moon Frights at Cinespia: Vampires, Werewolves, and a Night Under the Stars

August 8, 2025

August 8, 2025

Double Feature Coincides With Rare Celestial Triple Event Cinespia invites fans of horror comedy classics will gather under the glow...

Xenomorphs Hit Hollywood: FX Launches Global ‘Alien: Earth’ Hunt Ahead of Series Premiere

August 8, 2025

August 8, 2025

Fans Can Track “Crash-Site” Crates in LA for Instant Prizes, Photo Ops, and Sweepstakes FX is bringing the world of...

Glorya Kaufman, Dance, Arts and Health Philanthropist Who Transformed L.A.’s Landscape, Dies at 95

August 8, 2025

August 8, 2025

From Culver City, Brentwood, UCLA, USC, and Downtown LA, Her Generosity was Legendary Glorya Kaufman, a transformative benefactor to the...

Overnight Lane Closures Set for I-405 Through Sepulveda Pass Next Week

August 7, 2025

August 7, 2025

Caltrans to Close Multiple Northbound and Southbound Lanes Nightly  Caltrans will implement overnight lane closures along Interstate 405 in the...

Levain Bakery Lands in Beverly Hills with Cookies, Swag, and a Sweet Surprise

August 7, 2025

August 7, 2025

Newest Location’s Debut Includes Limited-Edition Flavor, Early-Bird Giveaways Levain Bakery will mark the opening of its newest location in Beverly...

Bistro Blue’s One Night Only Seasonal Menu Pops Up at Little City Farms August 10

August 6, 2025

August 6, 2025

Chef Kara Vorabutr’s Garden Dinner Promises to be a Seasonal Showstopper Bistro Blue, a pop-up concept by Chef Kara Vorabutr,...

Cardinale du Vin’s Weekend Izakaya Pop-Up Blends Thai Flavors and Japanese Dishes

August 6, 2025

August 6, 2025

Three Nights Only: Thai-Japanese Fusion Menu Launched in Pico-Robertson Cardinale du Vin is unveiling a special izakaya-inspired menu this weekend,...

Santa Monica’s Chez Jay Celebrates 66 Years with Retro Bash by the Beach

August 6, 2025

August 6, 2025

Landmark Restaurant Celebrates With Classic Cars, Live Music, Celebrity Lore One of Los Angeles County’s most storied restaurants will mark...

Film Review: Weapons

August 6, 2025

August 6, 2025

By Dolores Quintana You might be asking yourself what the film Weapons is about. Not to worry, writer and director...