Madison Partners, as exclusive advisor to the Bankruptcy court appointed Trustee, is pleased to present the exceptionally unique opportunity to acquire three hotels currently operated as Single Room Occupancy properties in Downtown Los Angeles. The three buildings total 146,918 square feet consisting of 415 rooms and 17,202 square feet of ground floor retail space. Situated at the intersection of East 5th and Los Angeles Streets, the properties are ideally located in the heart of Downtown Los Angeles - offering convenient access to explosive housing growth and outstanding amenities including Staple Center, Nokia Center, Walt Disney Concert Hall, as well as numerous museums and theaters.

The properties have been owned by an entity that is now a debtor in bankruptcy, and the properties are currently being administered by the Trustee appointed by the court in the debtor's bankruptcy case.  They are being listed for sale by the Trustee pursuant to bankruptcy court order.  Any offer to purchase the properties, if conditionally accepted by the Trustee, is subject to bankruptcy court approval, after compliance with all applicable bankruptcy provisions and court-ordered procedures pertaining to such sale.