the Guild San Diego The Guild San Diego will be part of Marriott’s recently acquired Tribute Portfolio brand.

SAN DIEGO— Developer Oram Hotels has received a $36.55-million loan for the continued renovation and development of Downtown San Diego’s historic 500 West Broadway building into an upscale, 163-room boutique hotel called the Guild San Diego. Regents Bank was the lender in the construction-loan transaction for the hotel, which is expected to be completed in Spring 2019.

HFF’s debt-placement team including senior managing director Aldon Cole and managing director Scott Hall worked on behalf of Oram Hotels to secure the loan from Regents. The firm tells GlobeSt.com the 84,000-square-foot building was purchased for $14 million in 2014 out of bankruptcy, and Oram was successful in executing a purchase option with the armed forces branch of the government for the fee. The property at the time of acquisition was subject to low-income restrictions and operated as a 260-unit single-resident occupancy facility with a YMCA on the ground floor.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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