The Real Deal

Relevant Group lands “rescue” financing for 2 boutique hotel projects

Facing cost overruns and pandemic-related construction delays, Relevant Group’s dream of building a boutique hotel empire in a two-block radius in Hollywood was turning into a nightmare. A $136 ...
Bisnow

Relevant In Default On $13.2M Loan Tied To DTLA Hotel Project

Relevant Group defaulted on a loan tied to a major redevelopment of the Morrison Hotel in Downtown LA, the company confirmed to Bisnow Tuesday. As of June 21, Relevant Group owed $13.2M on a loan tied ...
Bisnow

Big Developer Gears Up For New Modular Play

Developer Relevant Group established itself in Hollywood with hotel and hospitality projects like the Dream Hotel, but it has now turned its sights to a modular multifamily housing development in ...
Business Wire

UNITE HERE Local 11 Releases Open Letter to Relevant Group Lenders and Investors

LOS ANGELES--(BUSINESS WIRE)--UNITE HERE Local 11 released a letter today signed by its co-president Kurt Petersen urging investors and lenders to consider real estate developer Relevant Group’s ...
Business Wire

UNITE HERE Local 11: As Relevant Group’s Tommie and Thompson Hotels Face Foreclosure Auctions, Immigration Groups Ask If the Developer Created Jobs in Hollywood as Promised

LOS ANGELES--(BUSINESS WIRE)--As two of Relevant Group’s hotels financed through the EB-5 Immigrant Investor Program face UCC foreclosure auctions on December 21, CARECEN-LA and ten other immigration ...