• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Relevant Group scores $61M refi on Dream Hollywood

Relevant Group managing partners Richard Heyman and Grant King with Dream Hollywood (Credit: Relevant Group)
Relevant Group managing partners Richard Heyman and Grant King with Dream Hollywood (Credit: Relevant Group)

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.

Proceeds from the three-year, fixed-rate loan went to pay down construction financing on the hotel, according to Wells Fargo’s national head of originations Wayne Brandt. The property opened in the summer of 2017, marking the debut of company co-founders Richard Heyman and Grant King’s planned hotel portfolio.

Dream Hollywood, on the corner of Selma Avenue and Cahuenga Boulevard, is one of four independently-branded hotels Relevant will develop within a few blocks of each other over the next few years.

The firm is building the eight-story Tommie Hotel and secured construction financing in early 2019 for the 190-room Thompson Hotel. It also plans to develop the 114-key Selma Hotel on Wilcox Avenue, which will include 22,000 square feet of commercial space.

In February 2019, Relevant revealed plans to convert the Citizen News building across the street from the Selma Wilcox and Dream hotels into a 36,6000-square-foot restaurant and event space.

Relevant isn’t the only developer building there. Restaurateur Adolfo Suaya wants to build the 134-key Whiskey Hotel on a parking lot on Selma Avenue near Hollywood Boulevard.

The post Relevant Group scores $61M refi on Dream Hollywood appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 31 December 2019
  • The Real Deal
  • Uncategorized
  •  Like
LA’s biggest real estate stories of 2019 →← These global luxury markets are set to improve in 2020
  • Recent Posts

    • Mayor Karen Bass blasts everyone but herself for wildfire mishandling May 7, 2025
    • WEA, Beverly Hills Estates cut deal on $27M Malibu Colony home May 7, 2025
    • Oil firm eyes homes, hotel near Bolsa Chica wetlands in Huntington Beach May 7, 2025
    • Bankrupt Rite Aid to market 1.3K stores, including dozens in LA County May 7, 2025
    • Carolwood flexes with new LA pocket listings portal, boasting $1B+ in inventory May 7, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM