Spinoso Real Estate Group Appointed Receiver, Property Manager, and Leasing Agent for Ovation Hollywood

PRESS RELEASE

Spinoso Real Estate Group Appointed Receiver, Property Manager, and Leasing Agent for Ovation Hollywood

Syracuse, NY - May 15, 2025 - Spinoso Real Estate Group (Spinoso REG) announced today its appointment as Receiver, Property Manager, and Leasing Agent for Ovation Hollywood, a premier retail and entertainment destination located in the heart of Hollywood, California.

This marquee assignment, following recent appointments at Grand Central Terminal and Palisades Center, underscores Spinoso REG's proven institutional platform for managing iconic, experiential retail destinations.

Ovation Hollywood is strategically located at the intersection of Hollywood Boulevard and Highland Avenue, one of Los Angeles' busiest crossroads with approximately 90,000 vehicles per day. The property spans 463,000 square feet across 7.6 acres, attracts 25 million annual visitors, and serves 137,000 daily MTA riders.

Following a $50 million-plus renovation and rebrand, the center now features a dynamic mix of flagship retailers, signature dining, entertainment venues, and immersive attractions, including Sephora, Hard Rock Café, Wolfgang Puck Catering, Foot Locker, Lucky Strike, Dave & Buster's, TCL Chinese Theatre, and the Dolby Theatre, which has served as the home of the Academy Awards since 2002.

"We are committed to unlocking value, elevating the guest experience, and delivering impactful results at Ovation Hollywood with the same dedication to excellence we apply across our entire portfolio," said Carmen Spinoso, Founder and CEO, Spinoso Real Estate Group.