Hotel Lawyer — Eco-friendly lifestyle hotel mixed use project closes financing
By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
9 July 2007
Hotel Lawyer on eco-friendly hotel financing in Hollywood California. Today, JMBM issued a press release announcing that its Global Hospitality Group® closed the senior debt portion of the capital stack on one of the largest single hotel mixed-use projects in the country — and one bound to be a “Green” project at that! The complex construction loan transaction was for JMBM client, HSH Nordbank AG, a leading credit institution headquartered in Hamburg, Germany, and particularly renowned for very large construction loans on luxury hotel projects.
This is a significant transaction for several reasons.
A flagship, lifestyle, hotel mixed-use development.
“This is going to be one of Hollywood’s flagship developments,” said attorney Guy Maisnik, lead counsel specializing in hospitality transactions. “This is a very high-profile asset, backed by two of the most respected developers in the hospitality arena. Their expertise, combined with JMBM’s experience […]
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