Done Deals: JLL arranges $20.7 million refinancing of select-service hotel in Oceanside, CA

SpringHill Suites by Marriott San Diego Oceanside/Downtown,
a 149-room, all-suite, LEED-certified Silver, select-service hotel
located at 110 N. Myers Street in downtown Oceanside, CA

SAN DIEGO, CA – JLL announces it has arranged a $20.7 million refinancing for SpringHill Suites by Marriott San Diego Oceanside/Downtown, a 149-room, all-suite, LEED-certified Silver, select-service hotel located in downtown Oceanside, California.

Olga Walsh

JLL worked on behalf of the borrower to arrange the five-year, fixed-rate loan with Umpqua Bank. Loan proceeds will be used to retire existing loan, cover transaction costs and return portion of borrower equity.

SpringHill Suites by Marriott San Diego Oceanside/Downtown was developed in 2014 and features a rooftop lounge along with a pool and spa.

Aldon Cole

Additionally, the six-story hotel houses the Hello Betty Fish House, 2,235 square feet of meeting space, a 24-hour fitness center, business center, game room, complimentary breakfast buffet and two levels of subterranean parking.

Aaron Lapping

Situated on 1.03 acres at 110 N. Myers Street, SpringHill Suites by Marriott San Diego Oceanside/Downtown in the center of Oceanside’s ongoing renaissance.

The JLL Capital Markets team representing the borrower was led by senior managing director Aldon Cole, director Olga Walsh and associate Aaron Lapping.

Jones Lang LaSalle Americas is a licensed real estate broker with the California Department of Real Estate license #01223413.