SAN DIEGO, California—JLL Capital Markets announced it has organized a refinancing package consisting of a senior loan from BMO Financial institution N.A. and a mezzanine loan from MetLife Funding Administration for Huntington Hotel Community’s 350-key hotel portfolio at Liberty Narrate. JLL worked on behalf of the borrower to precise the floating-rate financing package with up to five years of time duration.
The dual-branded hospitality complicated entails the 200-room Courtyard by Marriott and 150-room Homewood Suites by Hilton. The properties are situated between San Diego Global Airport and the downtown core. The lodges half 213 surface parking areas whereas sustaining separate operations across four-account structures, every providing specialised amenities.
Property Shrimp print
The Courtyard by Marriott affords a pick-provider trip with over 6,300 square feet of assembly place, with 2,500 square feet of pre-feature areas. The property entails a fat-provider bistro with bar and restaurant, a waterside dining venue, a heated pool with fire pits, a 24-hour gymnasium, a industry center, and complimentary airport shuttle provider. Guest accommodations consist of 89 king rooms, 108 double-queen rooms, and three king suites, every averaging 354 square feet with workspaces, pull-out sofas, mini-fridges, and contemporary amenities. The financing package entails funds designated for an all-encompassing renovation of the Courtyard.
The Homewood Suites beforehand carried out a whole property development program in 2024. The all-suites hotel entails 57 studio suites, 69 one-bedroom king suites, and 24 two-bedroom suites, with every unit equipped with fat kitchens and averaging 449 square feet. Property amenities consist of a complimentary sizzling breakfast, evening social hours, an outdoor pool and spa, a gymnasium, a basketball court docket, a 24-hour comfort retailer, visitor laundry amenities, and 900 square feet of assembly place.
The properties are positioned 2.5 miles from San Diego Global Airport and minutes from fundamental company and govt amenities, at the side of Naval Records Battle Programs Instruct, Naval Depraved Level Loma, and locations of work for Raytheon Technologies, Qualcomm, and fundamental healthcare systems. The situation affords salvage admission to to San Diego Bay, Liberty Narrate’s 100-plus retail outlets and ingesting locations, luxury cinema, golf course, and humanities district, whereas being proximate to plenty of attractions, at the side of SeaWorld, Balboa Park, the San Diego Zoo, and downtown’s leisure districts.
The JLL Capital Markets group become led by Senior Managing Director Timothy Wright, Director Olga Walsh, and Affiliate Jack Wood.
“This financing shows the out of the ordinary quality and strategic positioning of these Liberty Narrate assets within San Diego’s top rate hospitality market,” acknowledged Walsh. “The properties reduction from an irreplaceable waterfront situation, solid tag affiliations, and proximity to diverse ask generators ranging from San Diego Global Airport to fundamental company and govt installations. The novel completion of the Homewood Suites renovation and the sponsor’s proven video display myth of outperforming competitive sets made this a unbelievable opportunity.”
