The former home of the Mama Shelter hotel in Hollywood has traded out of distress to a well-known deep-pocketed player in the neighborhood. An entity tied to the Church of Scientology purchased the 70-room lodging at 6500 Selma Avenue for $16 million, Bisnow reported. At $229,000 per key, the hotel sold for less than the 2025 average for Los Angeles County, according to Atlas Hospitality Group data cited by Bisnow. Still, it sold for a higher per-room price than other recent distressed hotel sales, such as the 390-room Line Hotel in Koreatown, which sold out of foreclosure in July for […]
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