Stockdale Capital Partners acquires the former hClub at 1717 Vine Street in Hollywood
Major hospitality asset with prime location in heart of Hollywood at Hollywood & Vine
LOS ANGELES – April 22, 2021 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced that it acquired the former hClub at 1717 Vine Street in a deal that closed on April 19, 2021.
1717 Vine Street underwent substantial capital improvements in 2019, including the addition of an outdoor swimming pool, a spectacular rooftop restaurant, and an open-air lounge. The property has 35 luxury-appointed guest suites with an average of 780 square feet, with additional building amenities that include private event space, numerous indoor and outdoor dining and lounge options, a fitness center, a recording studio, private office suites, and a plush-seating theater/screening room.
“1717 Vine Street is an icon of Hollywood’s renaissance and a jewel in Stockdale Capital Partners’ diverse real estate portfolio,” said Bill Doak, Managing Director, Hospitality for Stockdale Capital Partners. “Stockdale Capital Partners looks forward to building upon all of the opportunities with 1717 Vine Street, and to further expanding our footprint in the hospitality sector in the months ahead.”
The Hollywood area has seen billions of dollars of investment since 2000 and is continuing its historic resurgence in 2021. As of 2020, there were more than 70 development projects in the pipeline in Hollywood, including residential development, office space, and ground floor retail.
Located just south of the Hollywood Freeway and steps from the Metro B Line’s Hollywood/Vine subway station, 1717 Vine Street is near iconic locales including the Capitol Records building, the Pantages Theatre, the Dolby Theatre, the El Capitan Theatre, the TCL Chinese Theatre, the Hollywood Walk of Fame, the Hollywood Palladium, the Hollywood Bowl, and the Hollywood & Highland complex. 1717 Vine Street is also near cutting-edge “tech-tainment” companies with offices in the surrounding area, including Netflix, Amazon, HBO, Apple, Disney+, and Hulu.
Stockdale Capital Partners will announce dining, entertainment, and lifestyle program partners for 1717 Vine Street in the coming months.