Hyatt Hotel Nue Secures $27M Construction Bridge Loan

A $27 million construction completion bridge loan was recently provided to recapitalize the Hyatt Hotel Nue at 1525 North Cahuenga Blvd. located between Hollywood and Sunset boulevards in Hollywood. The concept is part of the Hyatt Unbound collection which will cater to business travelers and tourists. The hotel features 64 guest rooms and will include a rooftop bar, lounge and pool area with views of the Hollywood Hills and Los Angeles skyline.

Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, provided the loan.

“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,” notes Eric Jordan, senior vice president of real estate lending at Columbia Pacific Advisors. “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 Hyatt Hotel Nue is owned by S3D Partners, LLC, a family-run business led by Jayesh Kumar. The group currently owns or maintains an interest in 12 other hotels throughout California and Texas.