San Diego Tech Hotel Secures Financing
The SpringHill Suites by Marriott in San Diego has secured a $20.5 million refinancing loan.
SpringHill Suites by Marriott San Diego Oceanside/Downtown has 149 rooms and is LEED-Silver certified. It was developed in 2014 and features a rooftop lounge along with a pool and spa. The loan proceeds will be used to retire an existing loan and to return a portion of borrower equity.
The JLL capital markets team representing the borrower was led by senior managing director Aldon Cole, director Olga Walsh and associate Aaron Lapping.