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BAY AREA NEWS
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Bay Area Hotel Lands Additional $10 Mil in Financing

4/19/18

A Johnson Hospitality-led partnership has obtained an additional $10 mil in non-recourse financing for the Courtyard by Marriott, a 191-room, limited-service hotel in the Bay Area city of Los Altos. This money is in addition to $30 mil secured in 2014.

The hotel, located at 4320 El Camino Real, is in proximity to Stanford University, as well as some of the regionís most prominent, high profile tech companies. The hotel has corporate contracts with several of the areaís most prominent businesses and has maintained an exceptionally high occupancy for the past several years.

John Nelson of CBRE arranged the fixed-rate, permanent financing, which was provided by a life insurance company. Johnson Hospitality also manages the asset.







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