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9/10/25
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Pacifica Hotels has refinanced a portfolio of seven Southern California hotels totaling 601 rooms with new loans for $126 mil. The portfolio includes a collection of oceanfront and coastal hotels located in San Diego, Pismo Beach, Venice and Manhattan Beach.
Sandcastle Hotel, Pismo Beach |
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The portfolio includes the following properties:
• The Wayfarer San Diego
• Sandcastle Hotel on the Beach, Pismo Beach
• Inn at Venice Beach, Venice
• The Kinney Venice Beach, Venice
• Spyglass Inn, Pismo Beach
• Cottage Inn by the Sea, Pismo Beach
• The Belamar Hotel, a Tapestry Collection by Hilton, Manhattan Beach
Sonnenblick-Eichner Company arranged the three- and five-year fixed-rate non-recourse loans which were funded by a Wall Street investment bank and an insurance company. According to Patrick Brown, a Principal at Sonnenblick-Eichner Company, there is a tremendous amount of capital available today for all types of hotels for both fixed- and floating-rate structures.
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