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| Hilton Garden Inn Carlsbad Beach, Carlsbad, CA |
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| 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 | www.hfflp.com
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