August 30, 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

Toxic Avenger Reboot Aims to Smash Box Office and Medical Debt on Labor Day Weekend

August 29, 2025

August 29, 2025

Film’s Release Comes With a Promise to Erase Millions in Medical Bills The upcoming release of The Toxic Avenger will...

Trump Says Beverly Hills Residents Leave Cars Open for Thieves, Locals Call It Nonsense

August 28, 2025

August 28, 2025

Officials and Residents Say Trump’s Crime Remarks Don’t Reflect Reality City officials and residents pushed back this week after former...

Beverly Hills Schools Halt Israeli Flag Display Despite School Board Vote

August 28, 2025

August 28, 2025

Superintendent Cites Safety Concerns After Narrow 3–2 Decision Despite a 3–2 Board of Education vote to display the Israeli flag...

Los Angeles County Public Health Probe Sparks Nationwide Egg Recall Over Salmonella

August 28, 2025

August 28, 2025

More Than 95 Cases Tied to Country Eggs in 14 States; Do Not Eat Affected Cartons Los Angeles Public health...

(Video) The Opening of Mr. Charlie’s with Santa Monica Mayor Lana Negrete

August 28, 2025

August 28, 2025

Vegan burger restaurant with brightly colored decor now open on 26th street across fromthe Brentwood Country Mart. The Opening of...

California Pizza Kitchen Debuts Heart-Shaped Pizza Celebrating Swift–Kelce

August 28, 2025

August 28, 2025

13 Days of Engagement Pizzas, and Return of Hot Honey Flavors California Pizza Kitchen is rolling out a series of...

Culver Hotel Celebrates 101 Years With 101 Anniversary Menu and Live Music

August 28, 2025

August 28, 2025

Guests Can Enjoy a Four-Course Meal, Nightly Performances, Trivia Contest The historic Culver Hotel is celebrating its 101st anniversary this...

Westside Chefs Shine at the Manhattan Beach Food & Wine Festival in September

August 27, 2025

August 27, 2025

South Bay’s Culinary Festival Returns With Two Nights of Food, Wine, and Music Santa Monica, Westchester, Los Angeles, and West...

(Video) Come Tour The Willows Community School!

August 27, 2025

August 27, 2025

Sign up for a tour at The Willows and come see what makes our school such a vibrant, inspiring place...

Jewish Clergy Rally in Los Angeles Urging Ceasefire, Hostage Release, and Food Aid for Gaza

August 27, 2025

August 27, 2025

Two Dozen Rabbis Gathered at Israeli Consulate, Hostage’s Family Appears at Second Rally Jewish clergy from across Los Angeles County...

Metro LA’s Aug. 30 Deadline for Public Comment on Sepulveda Transit Draft EIR Approaches

August 27, 2025

August 27, 2025

Community Members Can Weigh In Before the 90-Day Comment Period Closes. Metro is reminding community members that the 90-day public...

Beverly Hills, Brentwood, Culver City, and Uni High Gear Up for Early-Season Games

August 26, 2025

August 26, 2025

The Centaurs, Eagles, Normans, and Wildcats Face Key Matchups This Week Football season is heating up across our area, with...

I-405 to See Lane Reductions, Ramp Closures as Pavement Rehab Project Continues

August 26, 2025

August 26, 2025

Drivers Should Expect Delays With Overnight Work Aug. 26–28, Sept. 5 Motorists using Interstate 405 through the Sepulveda Pass should...

Kobe Day Tribute: Lakers Welcome UCLA Newborns With Purple-and-Gold Gifts

August 26, 2025

August 26, 2025

Babies Received Adorable Care Packages in Celebration of “Kobe Day.” Families welcoming newborns at UCLA Santa Monica Medical Center and...

Suspect Arrested After Eight-Hour SWAT Standoff in Jefferson Park Shooting

August 26, 2025

August 26, 2025

 Police Say a Man Was Killed and a Suspect Barricaded Himself Inside a Home Hours after a fatal shooting near...