$85 Million Refinancing Organized for the Brown Palace Resort and Spa, Denver and Vacation Inn Categorical Denver Downtown

The LCP Group, L.P. introduced immediately the profitable closure of an $85 million refinance for the famend Brown Palace Resort and Spa, Autograph Assortment, and the Vacation Inn Categorical Denver Downtown, situated in Denver, Colorado.

The LCP Group, L.P. introduced immediately the profitable closure of an $85 million refinance for the famend Brown Palace Resort and Spa, Autograph Assortment, and the Vacation Inn Categorical Denver Downtown, situated in Denver, Colorado.

The $85 million refinancing package deal for Crescent Actual Property, facilitated by LCP, features a senior mortgage from Profit Avenue Companions and a mezz mortgage from a partnership between LCP and Ares Administration.

“Amidst immediately’s complicated capital markets panorama, LCP’s achievements in managing complicated transactions function a testomony to our proficiency in tailoring custom-made monetary methods for best-in-class resort sponsors like Crescent Actual Property,” mentioned Francis Energetic, CEO & President of The LCP Group. “Our method is additional strengthened by our sturdy partnerships and our deep-rooted data of the hospitality business.”

“Moreover, we’re enthusiastic about our partnership with Ares Administration, an important milestone in our improvement, and we sit up for future joint ventures with them. This enterprise additionally represents our continued partnership with Profit Avenue Companions, serving as soon as once more because the senior lender.”

Located within the coronary heart of Downtown Denver, the 474-key Brown Palace Resort Complicated enjoys a main location with instant entry to key demand hubs, together with the CBD, River North Arts, and Decrease Downtown districts. The Brown Palace enjoys a wealthy and storied historical past of over 130 years and continues to be Denver’s most famed resort and social vacation spot.