Sonnenblick-Eichner arranges $153M in financing for Pacifica portfolio

Sonnenblick Eichner Company arranged $153,150,000 of 10-year fixed rate, first mortgage financing for a portfolio of 10 properties totaling 739 rooms. The loans were non-recourse and are not cross-collateralized. The portfolio is comprised of a collection of oceanfront hotels located on the central coast of California, as well as properties in Venice, Marina del Rey and Manhattan Beach, Calif., and a property in Port St. Lucie, Fla.

The portfolio includes the following properties:

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  • Fireside Inn on Moonstone Beach, Cambria, Calif.
  • FogCatcher Inn, Cambria, Calif.
  • Pelican Inn & Suites, Cambria, Calif.
  • Cottage Inn by the Sea, Pismo Beach, Calif.
  • Sandcastle Inn, Pismo Beach, Calif.
  • Spyglass Inn, Pismo Beach, Calif.
  • Inn at Venice Beach, Venice, Calif.
  • Inn at Marina del Rey, Marina del Rey, Calif.
  • The Belamar Hotel, Manhattan Beach, Calif.
  • Hilton Garden Inn at PGA Village, Port St. Lucie, Fla.

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