Stockdale Capital Partners Acquires iconic “Los Angeles Athletic Club”
LOS ANGELES – March 1, 2022 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced that it acquired Los Angeles Athletic Club in a deal that closed on February 28, 2022.
“As a believer in the downtown Los Angeles renaissance, Stockdale Capital Partners sees an opportunity to honor the Los Angeles Athletic Club’s legacy by elevating the entire club with improvements to the athletic facilities, the hotel and the multiple food and beverage venues,” said Bill Doak, Managing Director, Hospitality for Stockdale Capital Partners. “We are very excited about the future of the Los Angeles Athletic Club and its place in the future of downtown Los Angeles.”
The 186,000 square foot club, which opened at its current 7th and Olive Streets location in 1912, is a 12-story building that features Beaux-Arts architecture, 72 hotel rooms, 17,200 square feet of ballrooms, meeting, and event space, and rooftop facilities. Recreational facilities onsite include an indoor swimming pool, track, basketball court, racquetball courts, handball courts, squash courts, yoga, kickboxing, aerobics, Pilates studios, and state-of-the-art spa and wellness facilities. The property has seen $29.3 million in capital improvements since 2015.
The acquisition also includes the adjacent Olive Park Garage, an 8-story structure with 421 parking spaces and 12,000 square feet of office and retail, and a 114-space surface parking lot to the north.
The club is located in the heart of Downtown Los Angeles, strategically located near L.A. LIVE, Crypto.com Arena, the Los Angeles Convention Center, the 7th Street/Metro Center subway station, the financial district, the historic core, and the Broadway Theater district.