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10/24/25
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Valencia Hotel Collection has refinanced its Hotel Valencia Santana Row in San Jose with a new first mortgage leasehold loan for $50 mil. The loan was arranged by Sonnenblick-Eichner Company.
The 216-room AAA-rated, Four Diamond Hotel offers 11.2k sf of indoor/outdoor meeting and event space, a fitness center, rooftop pool and Jacuzzi, and an open-air interior courtyard. The hotel is ranked 2nd in San Jose, according to U.S. News & World Report’s 2025 Best Hotels in the USA.
The non-recourse, fixed-rate, five-year loan is interest-only for the term and priced at less than 7%. The loan was funded by an international money center commercial bank.
San Jose is the largest city within Silicon Valley, a global technology hub, offering the largest concentration of technology companies in the world. Hotel Valencia Santana Row is the only hotel within San Jose’s Santana Row, a 2.5 msf mixed use development which attracts approximately 13 million visitors annually. It also includes more than 50 High Street retail shops, 35 restaurants, 662 rental apartments, 219 residential condominiums and approximately 1.7 msf of Class-A office space.
“Reflecting the tremendous amount of liquidity that is in the market for hotel financing today, we had 16 offers from commercial banks, insurance companies and CMBS lenders for this financing opportunity,” said Sonnenblick-Eichner Principal David Sonnenblick.
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