JLL Capital Markets sources financing for new Pasadena hotel project
News release
23 May 2023
$36.8M of construction financing arranged for hotel development
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Welcome Group
Over the past 23 years, Welcome Group has established itself as an award-winning leader within hospitality by building, buying, and operating hotel assets across the continental US. WG partners with best-in-class brands, including Marriott, Hilton, and Hyatt, to deliver exceptional experiences and accommodations to our guests and local communities. Headquartered in Los Angeles, CA, WG is actively growing its national portfolio through both development and acquisition opportunities. For more information, please visit our website at welcomegroupinc.com.