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DENVER — The LCP Group has facilitated $85 million in refinancing for a hotel complex in Denver that combines the Brown Palace Hotel and Spa Autograph Collection and Holiday Inn Express Denver Downtown.
The refinancing package for Crescent Real Estate includes a senior loan from Benefit Street Partners and a mezzanine loan from a partnership between LCP and Ares Management.
Situated in downtown Denver, the 474-key complex offers immediate access to the central business district, River North Arts and Lower Downtown districts. The Brown Palace has a storied history of more than 130 years.