LOS ANGELES, CA –
Commercial real estate investment banking firm George Smith Partners has
successfully arranged a $13.6 million construction loan on behalf of its
clients, Jim Flagg and Steve Hughes,
for the development of the Hampton Inn and Suites in Buellton, California
according to George Smith Partners’ Principal and Managing Director Steve Bram, Senior Vice President David Pascale and Assistant Vice
President Paul Monsen.
The Buellton Hampton Inn
& Suites, set to open in summer 2016, will be a high quality select service
hotel, uniquely situated in the heard of Coastal California’s scenic wine
country right off highway 101 with direct visibility from the freeway.
The property is adjacent
to the Firestone Walker Brewing Company and just north of a 24 acre site
designated for Crossroads Village, a major retail development.
There are 60 wineries in the area, along with
the Chumash Casino, and the cities of Los Olivos, Solvang, and Santa Ynez.
Santa Barbara’s North Coast draws over 6 million visitors a year, over 25
percent of which stay in area hotels during their visits.
For a complete copy of the company’s news release,
please contact:
Corynne Randel/ Jenn
Quader
Brower, Miller & Cole
(949) 955-7940
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