Updated Sep 23, 2025
David Nazarian Of Nimes Real Estate Secures $55M Loan For Hotel Amarano Burbank-Hollywood
322 North Pass Avenue
$55,000,000
Building Size
—
Asset Type
Hotel
Closing
Sep 19, 2025
About this deal
AI
The asset involved in this transaction is the Hotel Amarano Burbank-Hollywood, situated at 322 North Pass Avenue in Burbank. The hotel features 132 keys and has undergone renovations aimed at stabilization in the competitive market near major studios, including Warner Bros. and Disney Studios.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $55,000,000
- Lender: Keegan Bisch - Peachtree Group
- Landlord: David Nazarian - Nimes Real Estate
- Loan Terms: three-year, floating-rate with two 12-month extensions
Keegan Bisch represents Peachtree Group in providing the bridge financing while David Nazarian represents Nimes Real Estate in securing the funds for the property. This financial arrangement assists in the further stabilization and potential growth of the hotel in the Burbank area.
On the Map
$55,000,000
Hotel
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Burbank Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93