Thompson Hotel rendering hollywood ca

February 14, 2019 Comments Off on Calmwater Delivers $63M Construction Financing for Hollywood’s Thompson Hotel Views: 1647 California News, Los Angeles

Calmwater Delivers $63M Construction Financing for Hollywood’s Thompson Hotel

Connect Los Angeles is planned March 21st at the Hotel Indigo Downtown Los Angeles. You can get more information and register on this link.

The Relevant Group secured a $63 million loan for construction of the Thompson Hotel in Hollywood, CA. The Hollywood-based developer plans to introduce the luxury boutique brand to SoCal this year.

The proposed 188,393-square-foot hotel will contain 190 rooms and be situated on a half-acre site, less than one block north of Sunset Blvd. at 1541 Wilcox Ave. The upscale, lifestyle hotel will offer a rooftop swimming pool, restaurant and bar, and fitness center, as well as 3,000 square feet of meeting space.

Calmwater Capital provided the senior secured term financing. The hotel will be managed by Two Roads Hospitality.

Calmwater Capital’s Larry Grantham says, “What makes this partnership attractive is the major studio renovations and long-term office leases signed by Netflix, Viacom and Buzzfeed that are causing the demand for hotel space to far outpace supply, as well as the property’s ability to serve the needs of executives, actors and crew, and the ongoing flow of international tourists.”

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