Press Release brought to you by PCCP, LLC

PCCP, LLC PROVIDES $63.5 MILLION LOAN TO DUNHILL PARTNERS FOR CONSTRUCTION OF 268‐ROOM LUXURY HOTEL IN DALLAS, TEXAS

06/06/2017

FOR IMMEDIATE RELEASE 

  PCCP, LLC PROVIDES $63.5 MILLION LOAN TO DUNHILL PARTNERS FOR CONSTRUCTION   OF 268‐ROOM LUXURY HOTEL IN DALLAS, TEXAS    

  Los Angeles, CA, June 6, 2017 – PCCP announced today it has provided a $63.5 million construction loan  to Dunhill Partners for the development of the Virgin Hotel Dallas, a 16‐story, 268‐room upper tier hotel located  in the Design District of Dallas, TX. With the loan in place, the fully entitled project has now commenced  construction, with completion anticipated in late 2019. The financing was arranged by Dallas‐based Hamilton  Realty Finance.  

  “Dunhill Partners is an experienced developer and manager of assets throughout Texas and we have full  confidence that PCCP’s loan will enable them to execute another success story by adding an exciting new  hospitality concept to the Design District,” said Ron Bonneau, senior vice president with PCCP.    

     Situated on a 1.05‐acre site at 1909 Hi Line Drive, the project will feature a full‐service lobby restaurant,  poolside bar on the amenity deck, and additional upscale amenities including the Commons Club, which is a staple  of the Virgin Hotels brand. Upon completion, the subject property is anticipated to be the third Virgin flagged  hotel in the United States. There is currently one Virgin Hotel operating in Chicago, with another scheduled to  open in San Francisco later this year.  

   Located in the trendy Design District of Dallas, the hotel will be in the heart of a thriving, amenity‐rich  area that has seen much development activity over the last few years, including several thousand apartment units.  The Design District is home to a growing number of popular boutiques, art galleries, restaurants, bars, and cafes.  The area is located with highway frontage and access to Interstate 35 on the north, and to Riverfront Boulevard  and the Trinity River on the south.  

    Dunhill Partners specializes in the sale, acquisition, leasing, and management of commercial real estate.  The company has bought and sold in excess of $4 billion in commercial real estate over the past 10 years and  manages more than 6 million square feet of retail centers in Texas and California.    

 About PCCP, LLC:  PCCP, LLC is a premier real estate finance and investment management firm focused on  commercial real estate debt and equity investments.  PCCP has over $7 billion in assets under management on  behalf of institutional investors.  With offices in New York, San Francisco and Los Angeles, PCCP has a proven track  record for providing real estate owners and investors with a broad range of funding options to meet capital  requirements.  PCCP originates and services each of its investments, ensuring that clients benefit from added  value and outstanding investment returns.  Since its inception in 1998, PCCP has successfully raised, invested and  managed over $14 billion of institutional capital through a series of investment vehicles including private equity  funds, separate accounts and joint ventures.  PCCP continues to seek investment opportunities with proven  operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com. 

  MEDIA CONTACT:   Jessica Spaulding Thompson / Darcie Giacchetto  Spaulding Thompson & Associates, Inc. 
 
    PCCP, LLC   •   PRESS RELEASE   2 
949‐233‐8575 / 949‐278‐6224 (cell)   jessica@spauldingthompson.com / darcie@spauldingthompson.com 

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PCCP, LLC

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