SAN DIEGO, California—JLL Capital Markets introduced it has organized a refinancing bundle 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 resort portfolio at Liberty Station. JLL labored on behalf of the borrower to safe the floating-rate financing bundle with as much as 5 years of time period.
The twin-branded hospitality complicated 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 offers a select-service expertise with over 6,300 sq. toes of assembly house, with 2,500 sq. toes of pre-function areas. The property features a full-service bistro with bar and restaurant, a waterside eating venue, a heated pool with hearth pits, a 24-hour health middle, a enterprise middle, and complimentary airport shuttle service. Visitor lodging embrace 89 king rooms, 108 double-queen rooms, and three king suites, every averaging 354 sq. toes with workspaces, pull-out sofas, mini-refrigerators, and up to date facilities. The financing bundle consists of funds designated for an all-encompassing renovation of the Courtyard.
The Homewood Suites beforehand accomplished a complete $9.2 million property enchancment program in 2024. The all-suites resort consists of 57 studio suites, 69 one-bedroom king suites, and 24 two-bedroom suites, with every unit outfitted with full kitchens and averaging 449 sq. toes. Property facilities embrace a complimentary sizzling breakfast, night social hours, an outside pool and spa, a health middle, a basketball courtroom, a 24-hour comfort retailer, visitor laundry services, and 900 sq. toes of assembly house.
The properties are positioned 2.5 miles from San Diego Worldwide Airport and minutes from main company and authorities services, together with Naval Info Warfare Methods Command, Naval Base Level Loma, and workplaces for Raytheon Applied sciences, Qualcomm, and main healthcare methods. The situation 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 points of interest, together with SeaWorld, Balboa Park, the San Diego Zoo, and downtown’s leisure districts.
The JLL Capital Markets staff 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 belongings inside San Diego’s premium hospitality market,” stated 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 observe report of outperforming aggressive units made this a lovely alternative.”
