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Sonnenblick Secures $236M for Anguilla Resort

ANGUILLA-Sonnenblick-Eichner has secured the construction funding for Kor Hotel Group's Viceroy Anguilla Resort and Residences.

By Anita Howarth | Updated on June 21, 2006

ANGUILLA-Sonnenblick-Eichner has arranged $236 million in construction financing for the Viceroy Anguilla Resort and Residences on the Caribbean island of Anguilla. The financing was obtained from a US bank and closed without any syndication contingencies. The company also arranged the initial land loan for the acquisition of the un-entitled development site. The project is being developed by LA-based Kor Hotel Group and Lubert-Adler.

The five-star, $300-million development comprises 172 fully furnished luxury units including oceanfront villas, townhouses, condominiums, and a 90-room hotel. Resort amenities will include a full-service spa, restaurants and bars, three infinity edge pools and tennis courts.

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