RobertDouglas Advises SunCoast Properties on the Profitable Refinancing of the SunCoast Park Lodge Anaheim, Tapestry Assortment by Hilton
Los Angeles – January 10, 2024 – RobertDouglas introduced as we speak that it represented, as unique advisor, SunCoast Properties, Inc. within the $29.0 million first mortgage floating price 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), supplied financing.
The 174-key resort was transformed to Tapestry Assortment in December 2019 and sits two blocks from Disneyland Resort’s predominant gate. Situated proper off the Interstate-5, the resort is definitely accessible whereas additionally being situated 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 heart.
Stephen O’Connor, RobertDouglas Principal & Managing Director, commented, “We’re inspired by the variety of aggressive phrases obtained for the brand new classic, well-positioned resort. This goes to indicate how in as we speak’s market surroundings, capital suppliers are more and more looking for to supply debt to high quality hospitality belongings 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.”
About RobertDouglas
RobertDouglas is an actual property funding banking agency with workplaces 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 provides 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., makes a speciality of personal fairness placement and improvement of choose service resorts. SunCoast identifies actual property investments, facilitates the acquisition (together with improvement and/or repositioning the place indicated), organizes the funding group and manages belongings by means of profitable outcomes for its community of buyers looking for enticing returns by means of ongoing money move.
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