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