SAN DIEGO, California—JLL Capital Markets introduced it has organized a refinancing package deal consisting of a senior mortgage from BMO Financial institution N.A. and a mezzanine mortgage from MetLife Funding Administration for Huntington Resort Group’s 350-key lodge portfolio at Liberty Station. JLL labored on behalf of the borrower to safe the floating-rate financing package deal with as much as 5 years of time period.
The twin-branded hospitality advanced consists of the 200-room Courtyard by Marriott and 150-room Homewood Suites by Hilton. The properties are located between San Diego Worldwide Airport and the downtown core. The inns share 213 floor parking areas whereas sustaining separate operations throughout four-story buildings, every providing specialised facilities.
Property Particulars
The Courtyard by Marriott supplies a select-service expertise with over 6,300 sq. ft of assembly area, with 2,500 sq. ft of pre-function areas. The property features a full-service bistro with bar and restaurant, a waterside eating venue, a heated pool with fireplace pits, a 24-hour health heart, a enterprise heart, and complimentary airport shuttle service. Visitor lodging embrace 89 king rooms, 108 double-queen rooms, and three king suites, every averaging 354 sq. ft with workspaces, pull-out sofas, mini-refrigerators, and modern facilities. The financing package deal consists of funds designated for an all-encompassing renovation of the Courtyard.
The Homewood Suites beforehand accomplished a complete property enchancment program in 2024. The all-suites lodge consists of 57 studio suites, 69 one-bedroom king suites, and 24 two-bedroom suites, with every unit geared up with full kitchens and averaging 449 sq. ft. Property facilities embrace a complimentary scorching breakfast, night social hours, an outside pool and spa, a health heart, a basketball courtroom, a 24-hour comfort retailer, visitor laundry amenities, and 900 sq. ft of assembly area.
The properties are positioned 2.5 miles from San Diego Worldwide Airport and minutes from main company and authorities amenities, together with Naval Data Warfare Methods Command, Naval Base Level Loma, and places of work for Raytheon Applied sciences, Qualcomm, and main healthcare programs. The placement gives entry to San Diego Bay, Liberty Station’s 100-plus outlets and eating places, luxurious cinema, golf course, and humanities district, whereas being proximate to a number of sights, together with SeaWorld, Balboa Park, the San Diego Zoo, and downtown’s leisure districts.
The JLL Capital Markets crew was led by Senior Managing Director Timothy Wright, Director Olga Walsh, and Affiliate Jack Wooden.
“This financing displays the distinctive high quality and strategic positioning of those Liberty Station property inside San Diego’s premium hospitality market,” mentioned Walsh. “The properties profit from an irreplaceable waterfront location, sturdy model affiliations, and proximity to numerous demand mills starting from San Diego Worldwide Airport to main company and authorities installations. The latest completion of the Homewood Suites renovation and the sponsor’s confirmed monitor file of outperforming aggressive units made this a pretty alternative.”
