Los Angeles – January 10, 2024 – RobertDouglas introduced immediately that it represented, as unique advisor, SunCoast Properties, Inc. within the $29.0 million first mortgage floating charge financing of the SunCoast Park Lodge Anaheim, Tapestry Assortment by Hilton. Seven Hills Realty Belief (Nasdaq: SEVN), an actual property funding belief managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), offered financing.
The 174-key resort was transformed to Tapestry Assortment in December 2019 and sits two blocks from Disneyland Resort’s principal gate. Positioned proper off the Interstate-5, the resort is definitely accessible whereas additionally being positioned within the coronary heart of Anaheim’s leisure and retail district. The resort has a retro-surf, coastal Californian theme that options the Beachcomber restaurant, a market foyer store, outside infinity pool and whirlpool, and health middle.
Stephen O’Connor, RobertDouglas Principal & Managing Director, commented, “We’re inspired by the variety of aggressive phrases acquired for the brand new classic, well-positioned resort. This goes to point out how in immediately’s market setting, capital suppliers are more and more looking for to offer debt to high quality hospitality property with robust Sponsorship.”
Matthew Dower, RobertDouglas Managing Director, commented, “The profitable refinancing of this superb asset is attributable to its skilled Possession, compelling money flows and talent to over-penetrate its fair proportion of leisure demand to the market.”
RobertDouglas is an actual property funding banking agency with places of work in New York, Los Angeles, San Francisco, Chicago, and Nashville that makes a speciality of the sale, financing, and fairness capitalization of resort, resort, and gaming properties all through North America. Based in 2013 and led by its 4 companions, Rob Stiles, Doug Hercher, Stephen O’Connor, and Evan Hurd, RobertDouglas affords entry to distinctive home and worldwide institutional investor and lender relationships because it combines the capital markets sophistication of top-tier funding banks with diligent resort underwriting and confirmed asset administration expertise.
About SunCoast Properties
SunCoast Properties, Inc., focuses on personal fairness placement and growth of choose service resorts. SunCoast identifies actual property investments, facilitates the acquisition (together with growth and/or repositioning the place indicated), organizes the funding group and manages property by means of profitable outcomes for its community of buyers looking for enticing returns by means of ongoing money movement.
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