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| The Keating Hotel, Gaslamp District, San Diego, CA |
SAN DIEGO, CA – HFF announced today that it has arranged
refinancing for two historic buildings totaling 40,400 square feet in San
Diego’s Gaslamp District: The Keating Hotel and The Mercantile
Building.
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| Aldon Cole |
Working exclusively on behalf of The Keating Hotel Group, HFF placed the
10-year, 4.7 percent, fixed-rate loan with Cantor Commercial Real Estate
(CCRE). Loan proceeds are paying off
existing debt and repatriating equity.
Originally built in 1890, The Keating Hotel is a luxury boutique hotel
with 35 guest rooms that was renovated in 2007 and designed by Pininfarina,
exclusive designers of Ferrari.
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| Husayn Hasan |
The property is home to Croce’s Restaurant and Jazz Bar,
Patrick’s Gaslamp Pub, and a newly opened lounge with direct hotel access.
The Mercantile Building is located adjacent to the hotel and
is the flagship location for Brick & Mortar, a two-story restaurant and bar
out of Los Angeles. Both properties are
located at the intersection of 5th Avenue and F Street in San Diego’s Gaslamp
District.
The
HFF team representing the borrower was led by managing director Aldon Cole
and real estate analyst Husayn Hasan.
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| Historic Gaslight Quarter, San Diego, CA |
The Keating Hotel Group has been formed by real estate entrepreneur business partners, Edward Kaen and Chad Harris to introduce, develop and operate an expansion of the exclusive Pininfarina-designed Keating Hotels in premier venues across the United States and Europe.
Partnered in an
exclusive relationship with Italian design powerhouse, Pininfarina, TKHG plans
to development these ultra-serviced, exquisitely-appointed, Limited Edition
Keating Hotels. .
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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