The three-story Hilton Garden Inn, which is located at 3585 Solano Ave., features: a signature glass-walled pavilion housing the reception area; the Great American Grill restaurant; a lounge area with a television and fireplace; 1,250-sf of business meeting area; a 24-hour complimentary business center and an on-site laundry facility.
According to Presidio Hotel Group, the company took out an $8.1 million construction and permanent financing loan with a regional investment bank to develop the hotel. Hall Financial Group provided $2.25 million in preferred equity for the hotel development.
"Hall Financial Group tailored a flexible financing structure meeting our project¹s specific needs," says Sushil Patel, a principal with Presidio Hotel Group. "With their real estate expertise we were able to complete the hotel adhering to the quality design already in place."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
