Reported Sep 14, 2026 · Source: The Real Deal
Daniel Negari, a tech founder turned real estate investor, bought Hotel Per La in downtown for $34 million, according to The Real Deal. The 12-story, 241-key hotel at 649 South Olive Street was sold by Waterfall Asset Management, which took over the hotel after the prior owner owed more than $100 million, per records. The price works out to around $140,000 a key.
Summarized from the article; the quoted lines below are from the article itself.
Read the full report at The Real Deal. What the article says:
Tech founder turned real estate investor Daniel Negari spent $34 million on Hotel Per La in downtown.
The tech founder turned real estate investor purchased Hotel Per La for $34 million, records reveal, or around $140,000 a key.
The 12-story, 241-key hotel ended up in the hands of a lender, Waterfall.
He purchased the Marriott Autograph Collection hotel at 649 South Olive Street from Waterfall Asset Management, which less than a year ago took over the hotel after the prior owner owed more than $100 million, per records.
Article date: 2026-09-14T17:00:00+00:00
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