Friday, December 25, 2015

HFF secures $29 million refinancing for Hilton Garden Inn Carlsbad Beach near San Diego, CA

Hilton Garden Inn Carlsbad Beach, Carlsbad, CA

Tim Wright
SAN DIEGO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $29 million refinancing for the Hilton Garden Inn Carlsbad Beach, a 161-room, Hilton-branded, oceanfront hotel in the coastal Southern California community of Carlsbad.

HFF worked on behalf of the borrower, Wave Crest Resorts III, LLC, to secure the seven-year, fixed-rate loan through a major life insurance company.  Proceeds are being used to refinance the hotel.

Hilton Garden Inn Carlsbad Beach is an award-winning hotel that was once named Hilton Garden Inn Hotel of the Year and, in 2014, received the TripAdvisor Certificate of Excellence Award.

 Built in 2000, the three-story hotel features a swimming pool, whirlpool, fitness facility, business center, 12,536 square feet of indoor and outdoor meeting and event space, bicycle rentals, a 24-hour convenience pantry and the Carlsbad Beach Bistro restaurant. 

Situated on 4.78 acres at 6450 Carlsbad Boulevard, the property is on the Carlsbad Coast approximately 35 miles north of downtown San Diego.  The property is proximate to area attractions including LEGOLAND, Carlsbad Flower Fields and SEA LIFE Aquarium, and numerous corporate headquarters, including Calloway Golf, TaylorMade and Life Technologies.

The HFF debt placement team representing the borrower was led by senior managing director Tim 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 |

No comments: