Sheraton Universal Hotel 333 Universal Hollywood Drive Universal City, CA 91608 Please check back for more information on the 2011 Room Rates. Sheraton Universal Hotel is uniquely and centrally located in the Hollywood Hills, providing magnificent views of the surrounding area. Known as the "Hotel of the Stars" our landmark hotel unveils an artistic wonder that blends four-star service with nostalgic design elements from the golden age of film. Guests will revel in the newly renovated rooms and amenities while they enjoy daily service rituals that will reassure them of their star status.