facebook
Traded Co logo
Submit

Dream Hollywood Secures $33.3M Refinancing Loan From LCP Group And Safanad

Property Image
FINANCED
$33,300,000

California

See Similar Deals
Hotel
Financed 04/12/2023
the dealplayerscompscontact
Property Image
FINANCED

Dream Hollywood Secures $33.3M Refinancing Loan From LCP Group And Safanad

6417 Selma Ave - The Dream Hollywood

See Similar Deals
Hotel
Financed 04/12/2023
Contact now

Summary

CALIFORNIA
Asset Type:Hotel
Transaction Type:Loan

The Dream Hollywood is a 178-key hotel located at 6417 Selma Ave in the Hollywood neighborhood of Los Angeles. The property recently secured a $33.3 million refinancing loan from LCP Group and Safanad. It serves as the West Coast flagship of Dream and offers a multitude of amenities including a rooftop pool deck, Tao Restaurant, Beauty & Essex, the Highlight Room, and 3,000 square feet of meeting and event space. The hotel's prime location, just one block off Hollywood Boulevard, makes it a popular destination for both travelers and locals.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $33,300,000
  • Address: 6417 Selma Ave - The Dream Hollywood
  • Market: Hollywood
  • Keys: 178
  • Lender: LCP Group & Safanad
  • Landlord: The Relevant Group - Grant King
  • Loan Type: Refinancing Loan

The loan for The Dream Hollywood's refinancing was provided by LCP Group and Safanad. The Relevant Group, represented by Grant King, serves as the landlord of the property. This transaction secures the future of the hotel and allows it to continue being a prominent establishment in the heart of Hollywood.

Details

FINANCED
IMAGE: Grant King DATE: 04/12/2023 ADDRESS: 6417 Selma Ave - The Dream Hollywood MARKET: Hollywood ASSET TYPE: Hotel ~ KEYS: 178 LENDER: LCP Group & Safanad LANDLORD: The Relevant Group - Grant King LOAN AMOUNT: $33,300,000 LOAN TYPE: Refinancing Loan NOTE: The Dream Hollywood, a 178-key hotel in Los Angeles’ famed Hollywood neighborhood, has secured a $33.3 million refinancing from LCP Group and Safanad. As the West Coast flagship of Dream, the 10-story property features a rooftop with pool deck, Tao Restaurant, Beauty & Essex, the Highlight Room, and 3,000 square feet of meeting and event space. Situated one block off Hollywood Boulevard, the hotel remains a prime destination for travelers and local visitors alike.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$33,300,000.00

Monthly NOI$222,000.00
Monthly Debt Service$210,478.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00