PCCP Provides Senior Loans to KHP Fund II, LF George Properties

SAN DIEGO-KHP Fund II LP, a fund supported by Kimpton Hotels & Restaurants, has obtained $46 million in senior loan to finance the renovation of Hotel Palomar San Diego and Hotel Monaco Baltimore.

By GlobeSt News Hub | April 03, 2012 at 01:01 AM

SAN DIEGO-KHP Fund II LP, a fund supported by Kimpton Hotels & Restaurants, has obtained $46 million in senior loan to finance the renovation of Hotel Palomar San Diego and Hotel Monaco Baltimore. Additionally, San Francisco-based LF George Properties received $27.4 million in senior loan to refinance the Millbrae Paradise development in Millbrae, California.

Both loans, which total $73.4 million, were made by PCCP LLC. Kimpton bought Hotel Palomar San Diego, a 183-room property, in June 2011. For the full story, go to Commercial Property Executive .

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