Wednesday, January 14, 2015

PCCP, LLC Provides $31.2 Million Senior Loan to Refinance the W Hotel San Diego

W Hotel San Diego, San Diego, CA

Los Angeles, CA – PCCP, LLC announced it has provided a $31.2 million senior loan to refinance the W Hotel San Diego on behalf of the ownership, a joint venture between Rockpoint Group and SCS Advisors.

The 258-room full-service hotel is well located in Downtown San Diego with convenient access to the San Diego Convention Center, Gaslamp district, Class A office buildings, and City and County offices.

“This new loan from PCCP provides flexible financing to allow the ownership to complete its business plan and create additional value,” said Mike Johnson, associate vice president with PCCP, LLC. 

“Rockpoint and SCS Advisors are top-tier real estate firms and PCCP is pleased to work with them on this high-quality institutional asset.”

Built in 2002, the 17-story luxury hotel features the Kelvin restaurant, The Rooftop Bar, 16,000 square feet of meeting space, and the lobby lounge and bar.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
Spaulding Thompson & Associates

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