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11/17/23
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Steinhauer Properties has secured $8.75 mil of early phase financing covering the land acquisition for a new 31-story Hard Rock Hotel planned to rise at 100 E. Ocean Blvd, along the waterfront in Long Beach.
The new hotel is planned for approximately 427 rooms and suites, and will feature a rooftop bar, intimate speakeasy theater, and other unique Hard Rock brand amenities. Construction is planned to commence in summer 2024, with expectations of opening in spring 2027.
Andy Bratt, Amit Tyagi, Stefan Malmlund and Sean Kuang with Gantry arranged the funding. The loan offers interest-only terms at an attractive fixed rate with extension options for flexibility.
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