The Maven Hotel is an eight-story onsite boutique hotel operated by Sage Hospitality that features the 175-seat restaurant Kachina Cantina along with the Poka Lola Social Club.

The project encompasses an entire city block between Wazee, Blake, 18th and 19th streets in LoDo and features Denver's first activated pedestrian alley that provides tenants of the office space and hotel guests a unique amenity base. Dairy Block is located two blocks from Denver Union Station and one block from Coors Field.

“We are quite pleased with this execution for the refinance of Dairy Block, as we were able to procure excellent financial terms and structure coupled with a 15-year loan term, which perfectly aligns with our long-term hold strategy on this dynamic, core, A+ asset,” says Joshua Kane, SVP of McWhinney.

The deal follows another major financing transaction secured for a McWhinney project. Last week, Berkadia announced it closed $170 million in financing for McWhinney's Great Wolf Lodge in Garden Grove, CA.

Senior Managing Director Andrew Coleman and director Mauricio Rodriguez of Berkadia's Hotels & Hospitality Group facilitated the deal on behalf of McWhinney. The deal, which closed on March 11, is the first 10-year fixed rate loan ever closed on this asset type, according to Berkadia.

“This was a complex deal given the uniqueness of this asset, the capital structure desired and our goal to go long term with a focus on rate and proceeds,” states McWhinney's Kane.

The nine-story water park resort, the company's largest at 105,000 square feet, is situated on 12 acres of land and is located two miles away from Disneyland and the Anaheim Convention Center. The property features 603 rooms, which can accommodate 3,000 guests, a 30,000-square-foot conference venue and 18,000 square feet of retail and dining, including seven restaurants, a bowling alley, a miniature golf course, a kid's spa and arcade.