**Hollywood Park’s Kali Hotel Secures $195 Million in Financing Through CommLoan**
CommLoan has successfully arranged $195 million in financing with Bank of America for the Kali Hotel, a luxury hospitality project located within E. Stanley Kroenke’s Hollywood Park in Inglewood, California. Notably, the hotel is the only one permitted within the expansive 300-acre mixed-use development centered around SoFi Stadium.
The deal, spearheaded by Robert Shaar, Vice President of Sales at CommLoan, stands as one of the largest and most complex hospitality financings facilitated through the company’s proprietary CUPID platform. The Kali Hotel project is valued at approximately $450 million.
“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. “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.”
The 300-key luxury hotel will be a part of Marriott’s prestigious Autograph Collection. It will feature rooftop dining, a full-service spa and wellness center, and approximately 20,000 square feet of dedicated meeting space. Construction topped out in September 2024, with project completion anticipated in fall 2026.
