Qatar-backed hotel firm buys Montage Beverly Hills in record deal

Alan Reay, president of Atlas Hospitality Group, told The Real Deal that the deal is a record breaker in California, with rooms at the luxury resort now valued at $2 million. The Montage sale beat out the previous record of $1.7 million per room back in 2015 when L.A. businessman David Geffen sold the 47-room Malibu Beach Inn for $79.9 million ...