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11/13/15
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HFF has secured $22.85 mil in construction financing to build Country Inn & Suites at the Disney Resort, a 174-room, select-service hotel located near DisneylandŽ parks in Anaheim. The borrower is a development group led by SunCoast Properties Inc.
The new Country Inn & Suites hotel will be situated on a 2.6-acre site adjacent to the intersection of Disney Way and Clementine Street, just off I-5 and within walking distance to DisneylandŽ, Disneyland California AdventureŽ and the Anaheim Convention Center. Additionally, the hotel will be approximately two miles from both the Honda Center, home of NHL team the Anaheim Ducks, and Angels Stadium, where the Los Angeles Angels of Anaheim MLB team plays.
The five-story hotel will feature a resort-style pool and spa amenities, which will be heated by a state-of-the-art solar heating system. The hotel also will feature a fitness center, lobby bar, library retreat, media center and a solar power generating installation on its roof. The 110k sf hotel is scheduled to open in late 2016.
Aldon Cole of HFF arranged the construction through a commercial bank. The new hotel will be managed by Hospitality Management Corporation.
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