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

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.