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California  + Inland Empire  + Hospitality  | 

$55M Construction Loan for Hyatt Andaz Hotel in Palm Springs

Dallas-based Hall Structured Finance (HSF) closed a new first lien construction loan totaling $55 million to finance the construction of a 150-room Hyatt Andaz resort hotel and accompanying retail in Palm Springs, CA. Rael Development Corporation is the project developer, and SR Construction is the project’s general contractor.

HSF’s Mike Jaynes says, “The Andaz Palm Springs presented us with the opportunity to finance what will be one of the finest hotels in the Coachella Valley once completed.” The resort hotel and retail project are expected to open by January 2019.

The property at 400 N. Palm Canyon Dr. is designed as a collection of small buildings and guestroom bungalows surrounding two outdoor pools, garden and lounge areas, full-service spa, fitness center and winding walking paths. The Shops on Palm Canyon, a 30,000-square-foot street-level retail portion of the project, will be leased to a mix of restaurants, clothing shops, boutiques and galleries.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at PR NewswireConnect With HSF’s Jaynes

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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