Beverly Hilton Hotel To Undergo $40M Plus Renovation

BEVERLY HILLS, CA— Oasis West Realty LLC, the new owner of the Beverly Hilton Hotel, said to a group of press that it plans to restore the property via a renovation and repositioning project that will cost approximately $40 million to $60 million. Ted Kahan, president of Oasis, whose company acquired the Beverly Hilton in December from entertainer Merv Griffin, said the cost estimate on the only an approximation because the new owner does not yet know exactly how much the renovations will cost. Kahan, along with representatives from Hilton Hotels Corp. and the Oasis design team, outlined the plans for those renovations in a presentation to the press Tuesday. The Oasis plan is to “bring this hotel back to its glory and simultaneously bring it into the 21st Century,” Kahan said. The plan will include renovations of all 582 of the hotel’s rooms— to be reduced to 577 rooms after the renovations— as well as renovations to the business meeting areas, public areas, restaurants and other facilities.