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SAN DIEGO-A development company headed by John Moores, the owner of baseball’s San Diego Padres, says his company has secured $104 million in financing for a 512-room hotelin the Downtown Ballpark District and will break ground later this month.

Moores’ JMI Realty will also invest $44.5 million of its own capital into the project, which will fly the Westin banner. The hotel is the first and largest of a trio of hotels slatedfor the burgeoning area.

The loan was provided by WestLB of Germany and Bank One. JMImight also tap the two banks for financing of a 203-room AmeriSuiteshotel expected to break ground in the same area in a few months. Thecompany also wants to build a smaller 105-room hotel in the area.

Financing had been a question mark in proposals to build the JMIprojects and others that city officials say are needed to help pay theinterest on bonds that will be sold by the city to pay for neededinfrastructure improvements in the Ballpark District.

Among the also proposals is a 1,200-room hotel at the site of the formerCampbell Shipyard that would be developed by Manchester Resorts, whichis embroiled in a legal dispute with JMI over who has the right to buildthe project. Manchester is also looking for financing to build a750-room addition to the Hyatt.

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