The LCP Group, a NY-based real estate investment management firm with deep domain expertise and an impressive track record in the hospitality sector, approached us with the opportunity to partner in a uniquely structured debt venture to recapitalize the asset for the operator. Given the attractive basis, globally recognized hotel brand, and the Property’s location in one of LA’s major commercial and entertainment hubs, this opportunity aligned with our investment objectives in the structured debt arena.
Launched in 2017, the Dream Hollywood is a 178-key upscale hotel located just one block from the vibrant intersection of Cahuenga and Hollywood Boulevard, in the heart of LA’s Hollywood district. The Property is the Dream brand’s west coast flagship and offers guests top-tier amenities including a business center, fitness centers, outdoor pool, in-room spa treatments, concierge, and meeting space. This is in addition to popular food and beverage/ entertainment options from internationally recognized lounges like TAO and Beauty & Essex.