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March 29, 2024
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FINANCING NEWS
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Upscale OC Hotel Property Refinanced with $21 Mil Loan

9/08/15

Grossman Company Properties has obtained $21 mil in refinancing for The Inn at Laguna Beach, a 70-room, luxury boutique hotel located along the Pacific Ocean in Laguna Beach. Timothy Wright and Scott Hall of HFF arranged the the 15-year, fixed-rate loan with AXA Equitable Life Insurance Company through its advisor, Quadrant Real Estate Advisors LLC.

The Inn at Laguna Beach opened in 1990 and completed an extensive renovation in 2012. The oceanfront hotel features a complimentary wine reception each evening, 2.1k sf of meeting space, outdoor pool, spa tub, handmade breakfast pastries from a local baker and the Pacific Terrace rooftop bar that overlooks the Pacific Ocean.

Located at 211 North Pacific Coast Highway, The Inn at Laguna Beach is situated on the northern end of Laguna’s “Main Beach” in the heart of this coastal community. The hotel is within walking distance to the Laguna Art Museum, Main Beach Park, Heisler Park, Diver’s Cove, Laguna Playhouse, shops and restaurants.





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