The Nikko Hotel at Beverly Hills was built in 1991 in partnership with Third Millennium Group principals, Japan Airlines, Nikko Hotel Group, and with a construction loan from Kawasaki Leasing International totaling $85 million. Shortly after construction on the Nikko Hotel concluded, Third Millennium principals sold their interest in the asset to its Japan Airlines and Kawasaki Leasing International for a substantial profit.
Designed by AHT Architects, this five-star hotel married Japanese style with traditional American comfort. After a successful eight-year run as the Nikko at Beverly Hills, the property was sold to the French chain Le Méridien in 1999. Le Méridien completed a $15 million renovation which changed the décor to a distinctive combination of European luxury mixed with Los Angeles style.
In 2005, Starwood Hotels & Resorts acquired Le Méridien, and in 2007 Starwood entered into an agreement with SBE Hotel Group to operate the property as the SLS Hotel, SBE Hotel Group CEO Sam Nazarian’s new hotel luxury, lifestyle brand concept. Although the design and ownership have changed over the years, the property continues its proud tradition as Beverly Hills’ best location for Hollywood parties and the premier destination for luxury travelers.