December 31, 2019

Relevant Group scores $61M refi on Dream Hollywood

The developer is seeking to transform that area, with plans for 3 more independently-branded hotels and a converted event space.

Relevant Group has landed $61 million in refinancing on its Dream Hollywood hotel, amid the local developer’s ongoing expansion of its hotel portfolio in that neighborhood.

Wells Fargo provided the debt on the 178-key hotel at 6417 Selma Avenue. The loan package includes the 139,000-square-foot hotel and its adjacent Tao restaurant and Avenue nightclub.

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