SAN DIEGO-Jones Lang LaSalle says the firm's Hotels & Hospitality Group secured $50 million in debt financing for the 176-key Courtyard San Diego Old Town and 123-key Fairfield Inn & Suites San Diego Old Town.
The move is on behalf of a joint venture partnership between Rockpoint Group, LLC and Clearview Hotel Capital, LLC. Both hotels are Marriott brands and will retain their flag.
A domestic bank provided the floating-rate loan with a three-year initial term and two optional 12-month extensions.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
