Cambria Hotel Calabasas Cambria Hotel Calabasas

The developer of the Cambria Hotel Calabasas has secured construction financing for the 125-room hotel project. The $29 million loan is in excess of 65% of total project costs.

The deal was popular among lenders, with eight total offers the fund the project from international, regional and community banks, as well as debt funds. Ultimately, an international bank won the deal. Sonnenblick-Eichner Co. arranged the financing on behalf of the unnamed borrower.

Located on Las Virgenes Road in Calabasas, the hotel project will include meeting space, indoor/outdoor dining and a lobby bar, an outdoor pool, a business and fitness center, and surface parking for approximately 150 cars.

 

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.