Dennis Maynard

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Buy-Side Broker

Developer, Broker

Maynard Company Realty

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Broker

Is Looking For

Seeking Equity Capital for Los Angeles Hotel Development

Client Want

Description:

I am seeking sponsor capital, investors, and partners for hotel development in Los Angeles. This is for a ground up modular construction on a podium, 174 rooms, 2 restaurants, amenities, and a 320-car automated parking facility. The design is California Mid-Century Modern. We are raising capital to acquire, entitle, and develop the project. The remaining capital stack (multiple options) will be placed for construction.

Summary:
• 174 room boutique branded lifestyle hotel
• 320 – car automated parking facility
• 2 restaurants
• Pool with bar
• Modular construction
• Investment is to acquire / entitle
• Multiple capital stack options upon entitlements
• Excellent Returns
• Project NOT for sale
• Seeking qualified Investors / Sponsors / Partners
• $19MM in equity / debt initial placement
• Project cost under $73MM
• Broker referral fee available

Listing Types:

Development Hotel Land

Price Range :

$19,000,000 to $34,000,000

Locations:

California Oregon Washington Nevada Arizona Utah Idaho Montana

Last Updated: 07/10/2018

Created: 2018-07-09T16:30:01Z

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