Mid-Wilshire real estate investment firm CIM Group has sold its new 286-room West Hollywood hotel at the intersection of Sunset and La Cienega boulevards for an undisclosed amount.

Mid-Wilshire real estate investment firm CIM Group has sold its new 286-room West Hollywood hotel at the intersection of Sunset and La Cienega boulevards for an undisclosed amount.

The total value of sales of Los Angeles County hotels hit a record of $1.67 billion last year, according to a new report from Irvine hotel brokerage Atlas Hospitality.

That was an increase of 26 percent from 2016.

The $280 million sale of the 286-room Jeremy hotel in West Hollywood in July was the most expensive.

However the number of transactions in the county decreased 14 percent to 50 in 2017 from 58 in 2016.

Retail, restaurants and hospitality reporter Caroline Anderson can be reached at canderson@labusinessjournal.com. Follow her on Twitter @caroline_mander.