Pictured: The dual-branded property will include a 253-room SpringHill Suites and a 147-room Residence Inn.
San Diego – SpringHill Suites and Residence Inn will join a development project underway at Lane Field, located at the Port of San Diego across from the city’s new cruise ship terminal. It’s part of the city’s North Embarcadero Visionary Plan, developed in partnership between the Port of San Diego, the city and Centre City Development Corp.
Lankford Phelps Portman (a real estate joint venture between Portman Holdings, Lankford & Associates and Hensel Phelps), secured financing for the development, which will include a 253-room SpringHill Suites and a 147-room Residence Inn, in addition to approximately 27,000 square feet of retail space and more than 400 parking spaces. John Portman & Associates will provide architectural services, supported locally by Joseph Wong Design Associates.
AIG Global Real Estate Investment Corp. will serve as limited partner to the development venture, while U.S. Bank will provide construction debt financing. The project is slated for opening in early 2016.