$63M LOAN FOR THOMPSON HOTEL

Real estate lender Calmwater Capital has given Hollywood-based Relevant Group a $63 million loan for the construction of a hotel in Hollywood. The senior secured-term loan is for the Thompson Hotel. Calmwater announced the loan Feb. 12. The Thompson Hotel will have 190 rooms, a rooftop restaurant and bar and meeting space at 1541 Wilcox Ave. Calmwater Capital gave Relevant Group a $34.1 million loan for the nearby Dream Hollywood hotel in 2016. The loan was used to add a restaurant and other amenities. When completed, the Thompson Hotel will be managed by Two Roads Hospitality. The group also manages the Relevant Group’s Tommie Hotel in Hollywood.