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 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 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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