Case Studies
Lady Luck | Learn More »
Las Vegas, NV
In June 2006, Canyon Capital Realty Advisors made a $66 million senior bridge loan to Nevada-based owner Downtown Resorts, LLC for the renovation and re-branding of the former Lady Luck Casino. Plans called for a complete renovation of the Lady Luck's 627 hotel rooms and approximately 54,000 square feet of casino, restaurant and retail space located on North 3rd Street between Stewart Avenue and Ogden Avenue in downtown Las Vegas.
St. Regis Hotel | Learn More »
Washington, D.C.
In August, 2005, Canyon Capital Realty Advisors joined with Aareal Bank AG of Wiesbaden, Germany to provide loans to a joint venture between Brickman Associates and New Valley Corporation to purchase Washington, D.C.'s historic St. Regis Hotel.
Hotel San Remo | Learn More »
Las Vegas, NV
In 2004, Canyon Capital Realty Advisors LLC provided a $48.5 million bridge loan to a joint venture between Eastern & Western Hotel Corporation and Florida Hooters LLC. The loan was secured by a senior lien on the borrower's interest in the real property and the Hôtel San Rémo. Plans called for the San Rémo's repositioning into the flagship Hooters Casino, Resort and Entertainment Center.
Keauhou Bay Resort | Learn More »
Hawaii, HI
In 2004, Canyon Capital Realty Advisors provided a $57 million, 33-month first mortgage loan to a Kia Hotels LLC to facilitate the comprehensive redevelopment plan of the former Kona Surf Hotel on the Kona Coast of Hawaii.
Marbella | Learn More »
Orlando, FL
In 2004, Canyon Capital Realty Advisors acquired a distressed first lien mortgage loan on a 270-acre parcel in Orlando, FL. This parcel, known as the Marbella property, consists of approximately 145 acres of developable land that is entitled and fully vested for a variety of commercial uses including retail, hotel, timeshare and office space. The parcel also includes Ruby Lake, a 60-acre lake and 66 acres of undevelopable land, wetlands and mitigation acreage.
Telluride | Learn More »
Telluride Mountain Village, CO
In 2005, Canyon Capital Realty Advisors financed the acquisition of 5.2 acres of undeveloped land in Telluride, Colorado with a $27.2 million loan. The property is one of the last sizeable parcels of undeveloped land in the town of Mountain Village, directly adjacent to the Telluride Championship Golf Course.
