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Omni San Diego Hotel Receives $104M

SAN DIEGO-Construction will resume this month on the 512-room New Omni San Diego Hotel, fresh on the heels of the announcement that the project has secured $104 million in financing. The 32-story four-star hotel, which will sit directly across from the new Ballpark, is scheduled to open in two years.

By Randyl J. Drummer | Updated on May 14, 2002

SAN DIEGO-The 512-room New Omni San Diego Hotel will resume construction this month after recently receiving $104 million in financing.

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.

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