This sale is being conducted by DownTown LA Realty, Inc. in conjunction
with Hilton-Hyland. The buyer (or their agent) should contact the listing
broker in order to receive further information about the property and
a Prequalification Form which must be approved prior to submitting a
formal offer. Some of these documents may be previewed and downloaded
by clicking the links below.
DowntownLA Realty will be reviewing offers up until further notice in order
to give the property full worldwide exposure. Any new offer shall exceed
any previous or current high offer by 1%. The deadline for offers may be
extended at the seller’s sole discretion.
Once a few favorable offers are in hand, we will consider many factors
in addition to the price and financial capability of the buyer: Our primary
goal is to find a “custodian/steward” for this property, one
who will cherish and preserve the purity of this icon that has survived
well over 50 years without significant compromise to its architectural
integrity. Therefore, our first step will be to pre-qualify the prospect
to determine the level of commitment the buyer has toward preserving the
building and their willingness to accept a Conservation Easement, a copy
of which will be made available to selected prospects to review with appropriate
counsel. We are also going to recommend prospects consider placing
a Mills Act contract on the site, as a supplemental means of assuring its
protection.
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