Summary:
- Kali secured $195M in financing for its Hollywood Park hotel in Inglewood, CA.
- The $450M project is developed by Dr. Kali Chaudhuri, founder and chairman of KPC Group.
- It is the only lodging project approved within the 300-acre SoFi Stadium development.
KPC DEVELOPMENT SECURED $195 million in financing for the 13-story, 300-key Kali Hotel and Rooftop next to SoFi Stadium in the Inglewood neighborhood of Los Angeles. Bank of America provided the loan, arranged by CommLoan.
KPC Hollywood Park Hotel, an Autograph Collection property under construction at billionaire Stan Kroenke’s Hollywood Park development, is valued at $450 million, according to the Commercial Observer. It is the only lodging project approved within the 300-acre SoFi Stadium development.
The 13-story, 300-room hotel will have rooftop dining, spa and wellness facilities, and 20,000 square feet of meeting space. Construction topped out in September, with completion expected in fall 2026, according to KPC’s website. The KPC Group operates globally across industries including real estate, healthcare, pharmaceuticals and biotech, education, infrastructure, agriculture, architecture and engineering, alternative energy, waste management, travel and information technology.
“Hollywood Park will stand among Los Angeles’ most iconic destinations,” said Dr. Kali Chaudhuri, chairman and founder of KPC Development Co. and The KPC Group, whose portfolio spans medical, commercial and mixed-use developments in California and worldwide. “This hotel represents our commitment to creating enduring landmarks that celebrate design, culture and community. CommLoan’s expertise and creativity were instrumental in making this vision possible.”
Peachtree Group recently provided a $130 million construction loan to Vastland Co. for its first VOCE Hotel & Residence in Nashville, Tennessee.
