Search
 

Clearview Gets Non-Recourse for Hotels

SAN DIEGO-Jones Lang LaSalle Hotels’ financing team secures the two non-recourse first mortgages totaling $32 million for the two Old Town hotels.

By Natalie Dolce | Updated on May 26, 2011

SAN DIEGO-Jones Lang LaSalle Hotels’ financing team has secured two non-recourse first mortgages on behalf of Clearview Hotel Capital LLC. Morgan Stanley issued a $20 million, fixed-rate loan for the 176-room Courtyard San Diego Old Town, while Latitude Management Real Estate Investors Inc. provided a nearly $12.16 million, floating-rate loan for the 125-room Holiday Inn Express San Diego Old Town.

Leading the Jones Lang LaSalle Hotels team on the financing were executive vice president Mathew Comfort, senior vice president Reid McGlamery and managing director Chris Casey.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.