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Calmwater Delivers $63M Construction Financing for Hollywood’s Thompson Hotel

Connect Los Angeles is planned March 21st at the Hotel Indigo Downtown Los Angeles. You can get more information and register on this link.

The Relevant Group secured a $63 million loan for construction of the Thompson Hotel in Hollywood, CA. The Hollywood-based developer plans to introduce the luxury boutique brand to SoCal this year.

The proposed 188,393-square-foot hotel will contain 190 rooms and be situated on a half-acre site, less than one block north of Sunset Blvd. at 1541 Wilcox Ave. The upscale, lifestyle hotel will offer a rooftop swimming pool, restaurant and bar, and fitness center, as well as 3,000 square feet of meeting space.

Calmwater Capital provided the senior secured term financing. The hotel will be managed by Two Roads Hospitality.

Calmwater Capital’s Larry Grantham says, “What makes this partnership attractive is the major studio renovations and long-term office leases signed by Netflix, Viacom and Buzzfeed that are causing the demand for hotel space to far outpace supply, as well as the property’s ability to serve the needs of executives, actors and crew, and the ongoing flow of international tourists.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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