SAN DIEGO, CA – HFF announced today that it has arranged a $47.5 million refinancing for The Sheraton Gateway Hotel Los Angeles (top left photo), an 802-room hotel adjacent to Los Angeles International Airport.
HFF worked on behalf of the borrower, SheLAX Hotel, LLC, to secure the refinancing through a German bank. The Managing Member of SheLAX Hotel, LLC is an institutional investment fund sub advised by Long Wharf Real Estate Partners LLC.
Long Wharf Real Estate Partners LLC is a Boston-based private equity real estate investment manager formed in July 2011 following the spin-out of the Fidelity Real Estate Group from Fidelity Investments.
The Sheraton Gateway Hotel Los Angeles is situated on 5.7 acres at 6101 West Century Boulevard approximately 1/8th of a mile from the entrance to LAX.
Renovated between 2003-2007, the hotel features 48,000 square feet of function space, 38 meeting rooms, an 11,400-square-foot grand ballroom and two on-site restaurants, Paparazzi and Brasserie Restaurant.
Additional amenities include a business center, fitness center, outdoor pool, Starbucks and complimentary shuttle service to and from LAX.
The HFF team representing the borrower was led by senior managing director Tim Wright (bottom left photo)and associate director Zack Holderman.
Contacts:
Timothy Wright, HFF Senior Managing Director, (858) 552-7690
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500
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