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Dolby Theatre, Home of the Oscars, Sells to Elie Samaha’s Company
Hollywood's Dolby Theatre, the home of the Academy Awards ceremony, has been sold to Jebs Hollywood Entertainment, led by Elie Samaha.
Jebs is led by Samaha, a longtime producer who has invested heavily in Hollywood entertainment, dining and nightlife destinations, and Sherwin Jarol, former Sony Pictures. Castellan Real Estate Partners provided the debt financing, which was arranged by Slatt Capital led by Antonio Hachem, Cornelius Baliukonis and Wendy Wang. “The new ownership intends to continue its association with the Academy Awards while significantly increasing the number and variety of live performances, including many renowned Latin and other international acts at the fabled Dolby Theater,” Bonbright said in a statement.
Or read this on Variety