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July 1, 2021

Columbia Pacific secures $27M for LA hotel

Columbia Pacific Advisors announced the recent provision of a $27 million bridge loan to complete the construction of a 64-room Hyatt Hotel Nue in Los Angeles. The borrower was the Kumar family's S3D Partners LLC. The lender was Campaign Capital, whose Jaz Pirvani worked with Columbia Pacific's Eric Jordan on the deal. The funding was arranged via Columbia Pacific's bridge lending platform. Jordan said in a statement, “Luxury boutique hotels that focus primarily on leisure-driven markets have generally fared better and are expected to recover sooner than properties that are more reliant on convention or group revenue. With cities returning to normal and travelers planning for life back on the road, the Hyatt Hotel Nue should benefit from these trends due to its focus on tourists and locals and its well-timed opening targeted for the end of the year.” The seven-story development is right between Hollywood Boulevard and Sunset Boulevard, in the heart of Hollywood. The architect is nKlosures.




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