Civitas Capital Group announced it has closed a $150 million senior loan to finance construction of a 210-room Curio Collection by Hilton hotel on the island of Kauai, Hawaii.
Civitas is providing the senior loan to affiliates of Silverwest Hotels and its institutional equity partners.
Situated on approximately 8.5 acres, within a master‐planned, 450‐acre oceanfront luxury resort community, the property will include a restaurant, pro shop for the 18‐hole Jack Nicklaus Ocean Course at Hokuala, outdoor pool, 27,000 square feet of interior and outdoor meeting and event space, and a fitness center. This will be Hilton’s second branded hotel on the island.
“With the project's institutional capital backing, experienced sponsorship and high barrier to entry location, this financing opportunity matches the strategic vision of our bridge lending program,” said Austin Khan, managing director of investments at Civitas. “We continue to focus on the growth of o
