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 will 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 guests’ sweet spot at three or four months on an average.
Prices for the hotel will start at $400 a night with a minimum of one-month stay. The hotel’s lobby 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 constructing eight to twelve AKA properties on the chart already.