Hollywood Theater That Hosts Annual Oscars Ceremony Goes Up for Sale ...Middle East

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Hollywood Theater That Hosts Annual Oscars Ceremony Goes Up for Sale
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The live-performance theater where the Academy Awards show is held annually has hit the market. Owner California Public Employees’ Retirement System is selling the Dolby Theatre at 6801 Hollywood Blvd. in Los Angeles, according to marketing materials obtained by CoStar News. JLL is marketing the property for sale. The property is reportedly expected to sell for less than its cost to build. Large companies including Disney, and more recently Netflix, have been buyers of nearby cinemas in Los Angeles. Formerly the Kodak Theatre, the Dolby Theatre was built in 2001 along the Hollywood Walk of Fame in the Ovation Hollywood shopping mall. The 3,400-seat theater plays host to numerous live event

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