The borrowers came to C3 Capital with a partially renovated hotel and the vision, plans and permits for a new luxury hotel in Palm Springs, CA. The formerly 150-room Travelodge will be transformed into a 140-room boutique, 4-star hotel that preserves traditional Palm Springs architectural elements in its guest rooms, full service spa, 70-seat restaurant and bar area, and two upgraded pools.
Hotel
$14,873,714
Palm Springs, CA |
Construction Financing
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