The long-delayed downtown hotel project adjacent to the San Diego Padres' proposed new Ballpark has received $104 million in construction financing arranged by Holliday Fenoglio Fowler, one of the nation's leading commercial mortgage banking firms.

The hotel will fly the Omni flag and include 37 luxury condominiums. The 32-story four-star hotel, which will sit directly across Harbor Drive from the new Ballpark, is scheduled to open in two years in conjunction with the new home of the San Diego Padres.

A team of Holliday Fenoglio Fowler representatives that included Timothy D. Wright, senior managing director of the firm's San Diego office; Scott F. McMullin, senior managing director of the Los Angeles office, and Mark Gibson, executive managing director in the company's Dallas office, arranged the adjustable-rate, 48-month loan on behalf of San Diego-based JMI Realty, the project's developer.