Blog Archives
Moxy Centennial Olympic Park
LCP originated a $43.35 million construction financing for the Moxy Centennial Olympic Park, located in Atlanta’s downtown entertainment district. AMENITIES The 10-story, 183-room property will have a rooftop restaurant and lounge, a lobby bar, and ground-level retail. The hotel is scheduled to open during the second quarter of 2026. LOCATION Situated in Atlanta’s Centennial Park District, the property will be a short walk from local attractions including the Georgia Aquarium,
The Brown Palace Hotel Complex
LCP originated a $85 million loan to refinance the renowned Brown Palace Hotel and Spa, Autograph Collection, and the Holiday Inn Express Denver Downtown, both located in Denver. The proceeds of refinance, together with the injection of fresh equity from the sponsor, were used to pay off the existing senior loan, fund closing costs and interest reserves, and provide cash for capital expenditure plans. Situated in downtown Denver, the 474-key
Fair Lakes
Fair Lakes consists of the strategic repurposing of two high quality office buildings into central Fairfax County’s premier active adult community. The Sponsors can deliver a best-in-class asset with less risk and in far less time than competing ground-up strategies. Residents will enjoy apartments with high ceilings, luxurious interiors, and plenty of amenity space. INTERIOR DESIGN Residents will enjoy high ceilings, stainless steel appliances, granite kitchen countertops, and walk-in closets.
The Westshore Grand
In October 2023, LCP successfully closed a mezzanine loan (“Mezz Loan”) totaling $15.7 million with Beach Point Capital. This loan was extended to entities owned by Crescent Real Estate and Arden Group. The Mezz Loan was originated in coordination with a senior loan provided by Benefit Street Partners (“Senior Loan”), totaling $31.3 million. The property, situated along West Kennedy Boulevard in Tampa, enjoys convenient access to the city’s main roads,
Dream Hollywood
In March 2023, a joint-venture between LCP and Safanad, a real estate and private equity investment firm, made a $33,300,000 senior loan to the Dream Hollywood, the proceeds of which were used to refinance existing debt on the asset and fund reserves. Dream Hollywood is one block from the intersection of Cahuenga Boulevard and the famed Hollywood Boulevard in Hollywood, Los Angeles. The property is Dream Hotels’ west coast flagship,
Cambria Hotel® New Haven University Area
LCP acquired a newly built, 130-room Cambria Hotel® New Haven University Area in October 2022. The Hotel opened in September 2022 and will be managed by Crescent Hotels & Resorts, LCP’s affiliate operator with more than 100 properties in the United States and Canada. Located at 20 Dwight Street, the Hotel is only minutes from Yale University and Yale New Haven Hospital, as well as the city’s best shopping, dining,
Postcard Inn On The Beach
A joint-venture between LCP and Safanad, a real estate and private equity investment firm, acquired the iconic Postcard Inn on the Beach, St. Pete Beach, Florida in March 2022. The 196-room oceanfront resort is situated on an expansive 9.64-acre tract with over 300 feet of frontage along the Gulf of Mexico offering unparalleled access to St. Pete’s renowned beaches. Initially constructed in 1957, Postcard Inn features a lobby café, a
The Printing House, A Tapestry By Hilton
LCP, along with a consortium of capital partners, provided a construction loan for The Printing House, a Tapestry by Hilton located in Nashville, Tennessee in 2021. The 11-story, 180-room hotel and retail development will have ground-floor retail, three parking levels, an elevated lobby check-in, and guest rooms with views of the Nashville skyline. The hotel’s restaurant and lounge, The Local Kitchen & Tap, will feature an outdoor rooftop pool with
DoubleTree by Hilton Hotel Newark Airport
LCP owns the DoubleTree by Hilton Hotel Newark Airport in Newark, New Jersey. A $22 million modern renovation of the hotel has been completed including the pool and fitness center. The hotel is next to Newark Liberty International Airport, with a free shuttle every 30 minutes. It is also seven miles from Cape Liberty Cruise Port and 10 miles from New York City.
Hotel Melby Downtown Melbourne
Hotel Melby, a Tapestry Collection by Hilton in downtown Melbourne, Florida, is a modern, 180-room boutique hotel, with 24 corner suites. It has 11-stories and a 170-space parking garage with 30 dedicated public parking spaces. The hotel features a fitness center and a spacious rooftop lounge with an indoor/outdoor terrace that has sweeping views of the surrounding area as it is the tallest building in Melbourne upon completion. Hotel Melby
