Tuesday, September 8, 2015

HFF secures $21 million refinancing for boutique oceanfront hotel in Laguna Beach, CA

The Inn at Laguna Beach, 211 North Pacific Coast Highway,
 Laguna Beach, CA

Timothy Wright
SAN DIEGO, CA – Sept. 8, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $21 million refinancing for The Inn at Laguna Beach, a 70-room, luxury boutique hotel located along the Pacific Ocean in Laguna Beach, California. 

HFF worked on behalf of the borrower, Grossman Company Properties, to secure the 15-year, fixed-rate loan with AXA Equitable Life Insurance Company through its advisor, Quadrant Real Estate Advisors LLC. 

The Inn at Laguna Beach opened in 1990 and completed an extensive renovation in 2012.  The oceanfront hotel features a complimentary wine reception each evening, 2,100 square feet of meeting space, outdoor pool, spa tub, handmade breakfast pastries from a local baker and the Pacific Terrace rooftop bar that overlooks the Pacific Ocean.

 Located at 211 North Pacific Coast Highway, The Inn at Laguna Beach is situated on the northern end of Laguna’s “Main Beach” in the heart of this coastal community.  The hotel is within walking distance to the Laguna Art Museum, Main Beach Park, Heisler Park, Diver’s Cove, Laguna Playhouse, shops and restaurants.

The HFF debt placement team representing the borrower was led by senior managing director Timothy Wright and managing director Scott Hall.

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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