The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 21, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Marriott Courtyard Residence Inn Project in Sand City, CA Lands $67 Mil in Construction Money

2/02/24

EKN Development Group and Garn Development have obtained $67.1 mil in construction financing for the development of a 215-key, duel-branded hotel, Marriott Courtyard Residence Inn in Sand City, CA. The financing, which was arranged by JLL Capital Markets, consists of a first mortgage loan of $39 mil from HALL Structured Finance, while Nuveen Green Capital provided a CPACE loan of $28.1 mil.

The 139.7k sf Courtyard by Marriott includes 127 guestrooms and features the brandís clean lines, combining beach style with a modern feel. The Residence Inn by Marriott includes 88 rooms designed for longer-stay guests. The development will feature 3.1k sf of flexible meeting space, a spacious courtyard with a resort style pool, luxurious cabanas and a fully equipped stage to accommodate live performances and events. The hotel will also include an epicurean experience with an independently branded restaurant and bar.

The property is located along the scenic coast of Sand City. With its prime location, the property benefits from its proximity to Monterey State Beach and Cannery Row. As the only new select-service/extended-stay hotel in the area, it takes advantage of the steady demand generated by attractions such as the Monterey Bay Aquarium, Laguna Seca Raceway, world-class golf courses and stunning landscapes that attract visitors from all over the world.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media