# Godfrey Hotel Hits Default

> Oxford Capital Group's Godfrey Hotel Hollywood defaults on $59.1m debt.
- Title: Godfrey Hotel Hits Default · Los Angeles Business Journal
- Summary: Oxford Capital Group's Godfrey Hotel Hollywood defaults on $59.1m debt.
- Keywords: godfrey hotel, oxford capital group, alliancebernstein, related cos, default, foreclosure, hollywood real estate, Los Angeles Business Journal
- Source: Los Angeles Business Journal — https://labusinessjournal.com/real-estate/godfrey-hotel-hits-default
- Author: Hannah Welk
- Published: 2026-11-09T08:01:17+00:00
- Read time: 1 min
- Topics: godfrey hotel, oxford capital group, alliancebernstein, related cos, default, foreclosure, hollywood real estate, business, local
## Godfrey Hotel Default
John Rutledge's Godfrey Hotel Hollywood is in trouble with its lenders.
## Debt Default Notice
Lenders led by an AllianceBernstein fund took the first step toward foreclosing on $59.1 million worth of debt tied to the five-year-old hotel at 1400 N. Cahuenga Blvd.
## Acquisition Details
Rutledge’s Oxford Capital Group bought the 20,000-square-foot development site in 2016 for $16.5 million amid a hotel building boom in Hollywood.
## Property Transfer
Oxford’s joint venture partner, Goldman Sachs, sold its stake in the seven-story Cahuenga Boulevard property to Related Fund Management in a deal that valued the property at $114 million.
## Loan Terms
A lender group registered in Luxembourg and led by Nashville-based investment manager AllianceBernstein provided a $76.5 million variable-rate loan for the acquisition.
## Foreclosure Process
The borrower defaulted on $59.1 million worth of debt and is now facing foreclosure, according to the Oct. 8 notice.
## Key takeaway

Oxford Capital Group's Godfrey Hotel Hollywood defaulted on $59.1 million debt to lenders, facing foreclosure.