Getting Results – Working with a major German bank

In the summer of 2007, the Global Hospitality Group closed the senior debt portion on one of the largest single hotel mixed-use projects in the country. The complex construction loan transaction was for a leading credit institution headquartered in Germany, renowned for very large construction loans on luxury hotel projects.

This high-profile effort is one of Hollywood’s flagship developments, and is backed by two of the most respected developers in the hospitality industry. The location of the all new luxury hotel mixed-use development is a 4.5 acre site at the world-famous intersection of Hollywood and Vine and features more than 60,000 square feet of street-level retail space, a 300 room hotel, more than 140 luxury condominiums and nearly 400 apartment units, and a 9,200-square-foot spa.