Getting Results – A Major German Bank

In the summer of 2007, the Global Hospitality Group closed the $250 million senior debt portion of the financing on one of the largest single hotel mixed-use projects in the country. The complex construction loan transaction was for our client, a leading credit institution headquartered in Germany, and, at the time particularly renowned for very large construction loans on luxury hotel projects.

This high-profile effort will be one of Hollywood’s flagship developments, and is backed by two of the most respected developers in the hospitality industry. The all new luxury hotel mixed-use development will be located on 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.