A big round of applause for our client, Relevant Group, on landing $61 million in refinancing for its Dream Hollywood Hotel. Relevant Group, a vertically integrated real estate development company headquartered in Hollywood, intends to transform the local area by expanding its hotel portfolio with 3 more independently-branded hotels and event space. In order to continue expansions, Wells Fargo has provided a loan package that includes the 139,000-square-foot hotel as well as Tao restaurant and Avenue nightclub. Currently, Dream Hollywood is one of 4 independently-branded hotels that Relevant Group will be developing over the next few years. With a multitude of resources as well as its group of internationally renowned partners, Relevant Group will be able to continue taking Hollywood’s classic glamour and modernizing it to today’s standards. We are incredibly excited to see a portfolio of new luxury hotels, restaurants and nightspots developed by Relevant Group in the years to come.
Scope: Relevant Group hired us as a professional business plan consultant to create a strategic business plan in order to raise capital for a 150-unit modular complex in the heart of Downtown Los Angeles.
Industry: Real Estate Business Plan. Hotel Business Plan.