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| Omni San Diego Hotel, 675 L Street in San Diego’s Gaslamp Quarter |
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| Whitaker Johnson |
DALLAS, TX – HFF announced it has secured a $140 million
financing for the Omni San Diego hotel, a 511-key luxury, convention
center hotel in San Diego, California.
Working on behalf of the borrower, a joint venture between
TRT Holdings and JMI Realty, HFF arranged the 15-year, fixed -rate loan through
AIG Investments. Proceeds from the
financing will be used to refinance the existing debt on the hotel.
The
hotel is located at 675 L Street in San Diego’s Gaslamp Quarter, a popular
downtown dining, entertainment and urban shopping district.
The 200,000-square-foot-hotel is directly across Harbor Road
from the main entrance of the San Diego Convention Center and within walking
distance to more than 100 restaurants, galleries and boutiques.
The Omni San Diego was built in 2004 and renovated in
2013. Within its 21 floors, the hotel
contains 257 king rooms, 221 double rooms, 14 one-bedroom junior suites, 13
one-bedroom parlor suites, four hospitality suites and two VIP suites.
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| James Fowler |
McCormick &
Schmick’s Seafood Restaurant, a nationally-renowned restaurant, occupies space
in the hotel and provides 24-hour guest room dining.
Additionally, the
Terrace Bar & Grill provides poolside dining and Morsel’s, a gourmet coffee
bar and gift shop, is in the lobby.
Hotel amenities include an 8,000-square-foot rooftop terrace, 27,000
square feet of meeting space, outdoor heated pool and spa and full-service
fitness center.
Not included in the financing are 11 floors containing 36
condominiums accessible by an entrance separate from the main hotel entrance.
The
HFF debt placement team representing the borrower was led by senior managing
director Whitaker Johnson, managing directors James Fowler and Scott
Hall and real estate analyst Sarah Baccich.
TRT
Holdings is a privately-owned, diversified holding company located in Dallas,
Texas. Assets include Omni Hotels &
Resorts, Gold's Gym International, Tana Exploration and numerous investments in
public companies and various real estate ventures.
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| Scott Hall |
JMI Realty is a private real estate investment and
development company that currently manages a real estate investment portfolio
valued at approximately $600 million.
The company is also the master developer
of the Ballpark District in San Diego. JMI Realty was established in 1992 as
the real estate investment subsidiary of JMI Services, Inc.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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