LCP and Safanad Provide Recapitalization Loan for The Dream Hollywood
April 12, 2023
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LCP and Safanad Provide Recapitalization Loan for The Dream Hollywood
NEW YORK, NY, April 11, 2023 — The LCP Group, L.P. (“LCP”), a vertically-integrated, private real estate investment firm specializing in hospitality investing and lending, in a joint venture with Safanad, a global holding company investing in platforms across real estate, education, healthcare, and digital infrastructure, announced today that they successfully provided a $33.3 million senior mortgage loan to an affiliate of the Relevant Group for the refinancing of the
Cambria Hotels Celebrates New England Expansion with Grand Opening in New Haven, Connecticut
ROCKVILLE, Md., Jan. 3, 2023 /PRNewswire/ — Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), continues its expansion throughout New England with the grand opening of its newest hotel in Connecticut: the Cambria Hotel New Haven University Area. This addition will provide modern travelers with the amenities they need to discover all the opportunities New Haven has to offer. Speakers at the event included Francis
The LCP Group & Safanad Acquire Postcard Inn, St. Pete Beach
NEW YORK, NY, March 09, 2022 — A joint-venture between The LCP Group, L.P. (“LCP”), a vertically integrated, private real estate investment firm specializing in hospitality investing, and Safanad, a real estate and private equity investment firm, announced it acquired the iconic Postcard Inn on the Beach, St. Pete Beach, Florida. The 196-room oceanfront resort is situated on an expansive 9.64-acre tract with over 300 feet of frontage along the
LCP Provides Construction Loan for The Printing House, a Tapestry by Hilton
NEW YORK, NY, (August 27, 2021) — The LCP Group, L.P. (“LCP”), a vertically integrated, private real estate investment firm specializing in hospitality investing, today announced it originated a $45,250,000 construction loan to Sun Development & Management Corp. (“Sun”) to develop The Printing House, a Tapestry by Hilton located in Nashville, Tennessee. LCP partnered with Safanad Limited on the loan origination and syndicated a senior tranche to Knighthead Funding, LLC.
LCP Acquires Three Early Childhood Education Facilities
NEW YORK, NY, (September 21, 2021)— The LCP Group, L.P. (LCP), a vertically integrated, private real estate investment firm, announced it recently acquired three early childhood education facilities located in the state of Georgia. The three properties include the Little Sunshine’s Playhouse & Preschool in Roswell, Georgia; Little Sunshine’s Playhouse & Preschool in Cumming, Georgia; and the Big Blue Marble Academy in Grovetown, Georgia. Each of the properties was recently
LCP Sells Its Hampton Inn & Suites Hotel in Nashville, Tennessee
NASHVILLE, Tenn., August 7, 2019 — The partnership between The LCP Group and SEDCO Capital has sold the Hampton Inn & Suites Downtown Nashville, a 207-key hotel in the Music City’s urban core, for $101.5 million, according to public records. The buyer, a joint venture between Nakash Holdings, Douglas Development and Triangle Capital Group, secured $89.5 million in acquisition financing through one loan from Midland National Life Insurance Company and
Hotel Melby Downtown Melbourne, Tapestry Collection by Hilton Breaks Ground in Melbourne, Florida
MELBOURNE, Fla., June 19, 2019 — Through a joint venture, Willow Street Capital, Opterra Capital, The Charre Group and Duke Hospitality and their capital partner, The LCP Group, announced they have broken ground on the new Hotel Melby Downtown Melbourne, Tapestry Collection by Hilton in Melbourne, Florida. Anticipated to open in late 2020, the new build property will bring casual sophistication to the heart of Florida’s Space Coast, minutes from the
The LCP Group and Blue Vista Capital Management Acquire Hilton Kansas City Airport
NEW YORK, N.Y., January 14, 2019 —The LCP Group, L.P. (LCP) and Blue Vista Capital Management (Blue Vista) jointly announced today the acquisition of the Hilton Kansas City Airport in Kansas City, Missouri. The 347-room property is less than three miles away from the Kansas City International Airport and only 16 minutes from downtown. It is conveniently located near several corporate headquarters, including AmerisourceBergen, Toyota, Multivac, and Mastercard. The Kansas
