LCP Arranges $85M Refi for 2 Denver Hotels

The LCP Group has closed an $85 million refinance for the Brown Palace Hotel and Spa, Autograph Collection, and the Holiday Inn Express Denver Downtown, located in Denver, Colorado.

The $85 million refinancing package for Crescent Real Estate, facilitated by LCP, includes a senior loan from Benefit Street Partners and a mezz loan from a partnership between LCP and Ares Management.

Situated in the heart of Downtown Denver, the 474-key Brown Palace Hotel Complex enjoys a prime location with immediate access to key demand hubs, including the CBD, River North Arts, and Lower Downtown districts. The Brown Palace enjoys a rich and storied history of over 130 years and continues to be Denver’s most renowned hotel and social destination. The Holiday Inn Express Denver Downtown has 231 rooms and is within minutes of some of Denver’s finest attractions, including Union Station and Coors Field.