The embattled Grant King-helmed Relevant Group handed back the keys to a trendy Hollywood hotel to a lender, records reveal. LCP Group seized control of Dream Hollywood Hotel at 6417 Selma Avenue via a deed in lieu of foreclosure signed by King. The unpaid debt and costs amounted to about $38 million, or more than $200,000 a room. King did not respond to requests for comment; LCP declined to comment. The Real Deal previously reported a UCC foreclosure auction was scheduled late last year, and the lender was seeking to foreclose on the equity interests in the slim, 10-story, 178-key […]
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