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Sunset Strip Project Gets $300M Loan

Hannah Welk
By Hannah Welk
200
West Hollywood Edition Hotel and Residences

The West Hollywood Edition Hotel and Residences on the Sunset Strip has received a $300 million floating-rate loan, Newmark Knight Frank announced May 24.

Newmark Knight Frank’s Dustin Stolly, Jordan Roeschlaub, Nick Scribani and Chris Kramer secured the loan from Deutsche Bank and Mirae Asset Daewoo.

The West Hollywood Edition Hotel and Residences, at 9040 Sunset Blvd., will have a 190-room hotel and 20 condo units. It is scheduled to open in September.

Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans

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Hannah Welk
Hannah Welk
Hannah (Madans) Welk is the editor-in-chief at the Los Angeles Business Journal and Inside The Valley (formerly the San Fernando Valley Business Journal). She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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