Meridian Delivers $355M for Lightstone’s Fig + Pico Hotel Development
New York-based Meridian Capital Group arranged a $355 million construction loan for the development of a dual-branded Marriott AC and Moxy Hotel in DTLA. New York-based Lightstone Group is developing the hotel property as part of the mixed-use Fig + Pico project at 1248 S. Figueroa St.
The 37-story hotel will have 744 rooms, as well as 11,000 square feet of retail and parking. The under-construction property is near the Convention Center and Staples Center, and is the second hotel at the Fig + Pico site, which will bring the project’s room count to 1,150.
Meridian’s Drew Anderman and Ben Nevid handled the four-year loan via Children’s Investment Fund.
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.
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