Beny Alagem Founder and Chairman at Alagem Capital Group
Beverly Hills has always been a luxury town where one can get lost counting the Bentleys and Maseratis as they pull into the grand palatial mansions inhabited by a humble record producer or A list actress. “What has been missing, though, are ultra-luxury condos,” Beny Alagem told Commercial Observer. The solution to this for Alagem […]
Luxury Aman Hotel Chain Will Operate One Beverly Hills
BEVERLY HILLS, CA — The luxury hotel chain Aman, known for its celebrity clientele and over-the-top experience, will operate the One Beverly Hills property, One Beverly Hills developers announced Thursday. The complex will sit on Wilshire Boulevard and Santa Monica Boulevard, “nestled within eight aces of verdant botanical gardens,” according to Aman. The property will […]
Beverly Hills Project Secures $500 Million Loan
Beverly Hills-based Alagem Capital Group and London-based Cain International have received a $500 million loan to refinance the Beverly Hilton and Waldorf Astoria Beverly Hills, which are both part of the planned $2 billion One Beverly Hills development. The money came from Aareal Capital Corp. and Goldman Sachs Group Inc. Aareal Capital is providing the […]
Beny Alagem’s $2B Beverly Hills project gets go-ahead
Beverly Hills is getting a facelift. But instead of collagen, this one will get injected with concrete and steel. Beny Alagem’s $2 billion development that will include 300 condos and a hotel was approved in a 4-1 vote last week by the Beverly Hills City Council. The decision follows weeks of deliberation on the 1.4 […]
The Beverly Hilton Gets New Look; More Renovated Properties
The Beverly Hilton has completed a $35-million property-wide renovation. The final phase included renovated guestrooms, including nine private luxury suites within The Penthouse Collection; the by-appointment-only fitness center; indoor- outdoor event spaces and meeting rooms; the new Mercato market; and redesigned public spaces including the lobby. Inspired by relaxed California living, the renovation included upgrades […]
Take A Sneak Peek At The Beverly Hilton’s $35 Million, Eco-Friendly Renovation
Sixty-five years after Conrad Hilton first opened his storied Beverly Hills hotel, The Beverly Hilton, the iconic property is finally debuting a new look. A top-to-bottom renovation—to be completed in April—will reintroduce the Los Angeles landmark to a new generation (and make for some fabulous photos during the Golden Globe Awards every year, where the […]
Wanda Sells One Beverly Site to Developer Beny Alagem and Cain International
Following a bitter, multimillion-dollar feud that pitted Alagem, who owns the Waldorf-Astoria and Beverly Hilton against the Dalian Wanda Group the Israeli born developer is now in the driver’s seat. When it comes to the saga surrounding the luxury development site known as One Beverly Hills, it appears that Beny Alagem will get the last laugh. Original […]
Prime Beverly Hills development site is sold to owners of next-door Beverly Hilton
A former department store site in Beverly Hills that has been slated for a $1.2-billion hotel and condominium complex is being sold to its next-door neighbors and rivals — the owners of the Beverly Hilton and Waldorf Astoria hotels. Original article
Beny Alagem: Resurrecting Icons & Building Communities
Much like that of the man who owned the Beverly Hilton before him, the story of Beny Alagem’s entrepreneurial journey is a winding one – and at each juncture, the same singular theme emerges. “The most important part is the creation,” Alagem says, peering across the conference table in the Beverly Hilton at the team […]
New owner revitalizes the Hilton Los Cabos
The Hilton Los Cabos Beach & Golf Resort has been open for five years, but it’s experiencing a rebirth, largely thanks to the stewardship of new owner Beny Alagem, also owner of the Beverly Hills Hilton. Alagem took the reins in Los Cabos in December, and his network of socialites and celebrities has been flocking […]
