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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, with F&B outlets leased to the world-renowned TAO Group. The three award-winning and trendy dining and nightlife venues include TAO, Beauty & Essex, the Highlight Room, and 3,000 SF of meeting and event space.

Dream Hotel
Dream Hollywood
Hollywood, California

Inception Year: 2024
Platform: Equity (or Debt)
Status: Active
Investment Description: Here is the description of this investment, etc.
Press Release: LINK HERE

  • https://lcpgroup.com/wp-content/uploads/2023/04/dream-main-front-index.jpg
Dream Hotel
  • Hollywood, CA
  • Keys: 178Inception Year: 2023Platform: DebtStatus: Active InvestmentInvestment Description: LCP originated a $33.3 million senior mortgage loan to an affiliate of the Relevant Group for the refinancing of the 178-key Dream Hollywood and Tao Restaurant in Los Angeles. The 10-story, west coast flagship of Dream Hotels features three award-winning and trendy dining and nightlife venues, including Tao, and the Highlight Room, as well as an 11,000-square-foot rooftop with a pool deck and 3,000 square feet of meeting and event space. The Dream Hollywood is located at the corner of Selma Avenue and N. Cahuenga Boulevard, one block off the famed Hollywood Boulevard, tucked among the scenic Hollywood Hills. The property was designed by the Rockwell Group and features accommodations with unparalleled views and luxurious guest amenities. Each guestroom features luxurious black walnut finishes, a cozy sitting area, rainfall showers, Karl Lagerfeld amenities, and state-of-the-art technology.

Keys: 178
Inception Year: 2023
Platform: Debt
Status: Active Investment
Investment Description: LCP originated a $33.3 million senior mortgage loan to an affiliate of the Relevant Group for the refinancing of the 178-key Dream Hollywood and Tao Restaurant in Los Angeles. The 10-story, west coast flagship of Dream Hotels features three award-winning and trendy dining and nightlife venues, including Tao, and the Highlight Room, as well as an 11,000-square-foot rooftop with a pool deck and 3,000 square feet of meeting and event space. The Dream Hollywood is located at the corner of Selma Avenue and N. Cahuenga Boulevard, one block off the famed Hollywood Boulevard, tucked among the scenic Hollywood Hills. The property was designed by the Rockwell Group and features accommodations with unparalleled views and luxurious guest amenities. Each guestroom features luxurious black walnut finishes, a cozy sitting area, rainfall showers, Karl Lagerfeld amenities, and state-of-the-art technology.

Hotel

Dream Hollywood

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