An extended stay hotel in the heart of Beverly Hills, known as AKA Beverly Hills at 155N is renovating its plush property where guests must agree to pay a minimum of $12,000 to settle in. Crescent Drive, which has 1st Oct set as the opening date is undergoing $10 million worth of renovations and is going to exclusively cater to travelers who will be in town for more than a few days, but not long enough to rent an apartment. Larry Korman, co-president of developer Korman Communities fixes the sweet spot of guests at three or four months on an average.
Prices for the hotel will start at $400 a night with a minimum one-month stay. The lobby of the hotel will be upgraded with a lounge, café, fitness center and outdoor space being added for residents’ use. The property at Crescent Drive joins the list of extended stay hotels in New York, Philadelphia and Washington, with plans for construction of eight to twelve AKA properties on the chart already.