Projects
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 Brown Palace Hotel Complex has a prime location with immediate access to key demand hubs, including the CBD, River North Arts, and Lower Downtown districts. The Brown Palace has a rich and storied history of more than 130 years.
