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Group Funds Renovations, New Business Plan for Bi-Coastal Hotel Duo

BEVERLY HILLS, CA-Hilton Concord, and Sheraton Orlando North comprise 719 rooms, and the $41 million funding will allow for further renovation and appointment of a new management partner.

By David Phillips | Updated on January 17, 2014

BEVERLY HILLS, CA-Sonnenblick-Eichner Company say it has arranged $41.1 million of first mortgage acquisition financing for the Hilton Concord and Sheraton Orlando North hotels, located in Concord, CA and Maitland, FL, respectively. The LIBOR-based loan was funded by a money center commercial bank.

The Hilton Concord is an 11-story, 329-room, full service hotel that was recently recognized with Clifornia’s Governor’s Environmental and Economic Leadership Award, and the first Hilton branded hotel to win this award.

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