SAN DIEGO, California—JLL Capital Markets introduced it has organized a $38.6 million refinancing for S3 Resort Group’s dual-branded, 208-key Homewood Suites by Hilton and Hampton Inn Irvine Spectrum Lake Forest in Lake Forest, California. JLL labored on behalf of the borrower, S3 Resort Group, to safe a five-year, fixed-rate mortgage by way of a personal wealth administration division of a worldwide monetary companies agency.
The resort contains 116 Homewood Suites rooms and 92 Hampton Inn rooms. The Homewood Suites affords extended-stay lodging with full kitchens, dishwashers, and cooking utensils, whereas Hampton Inn rooms present conventional resort facilities with trendy furnishings.
Property facilities embody 2,000 sq. ft of assembly house, a 24-hour health middle, an outside pool with barbecue services, visitor laundry, a complimentary scorching breakfast buffet, a night bar service, and a 24-hour comfort store. The Homewood Suites part affords further facilities, together with complimentary night social occasions Monday by way of Thursday.
The resort occupies a strategic location in Orange County on the confluence of Lake Forest and Irvine, offering entry to main demand turbines all through Southern California. The property is inside driving distance of Disneyland, Angel Stadium, the Honda Heart, Knott’s Berry Farm, and premier buying locations, together with the Irvine Spectrum Heart, South Coast Plaza, and Style Island. Moreover, the encompassing space encompasses greater than 47 million sq. ft of workplace house.
The JLL Capital Markets Debt Advisory workforce was led by Director Olga Walsh.
“This dual-branded resort embodies the form of top-tier, newly delivered product that’s drawing lender consideration in as we speak’s market,” stated Walsh. “By pairing the asset’s standout fundamentals with the chance for a broader sponsor relationship, JLL drove aggressive engagement from personal wealth lenders, in the end attaining pricing 125 – 150 foundation factors inside what’s sometimes out there by way of commonplace non-recourse channels.”
