HFF arranges $140M in financing for Omni San Diego

HFF has secured $140 million in financing for San Diego's Omni hotel, reports the Pittsburgh Business Times.

HFF worked on behalf of the borrower, a joint venture between TRT Holdings and JMI Realty, to arrange a 15-year, fixed-rate loan through AIG Investments.

Proceeds from the financing will be used to refinance debt on the 21-story, 511-room Omni San Diego Hotel. The hotel was built in 2004 and renovated last year.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The Gaslamp Quarter hotel is connected to Petco Park, home of the san Diego Padres.

Read more on
HFF

Suggested Articles

The program has already allocated $520 billion in loans to nearly 5 million businesses nationwide, and a further $130 billion still is available.

New Paycheck Protection Program forms cut documentation requirements and aim to make debt elimination easier. 

Hotels that do not restructure will not be able to compete with those that do, and revenues ultimately lag the comp set.