financeLodging Magazine··1 min·For: Owner, Investor, Revenue, GM
Sonnenblick-Eichner Refinances Hotel Nia in Menlo Park
Sonnenblick-Eichner Company has secured a $63 million non-recourse loan to refinance the Hotel Nia, a luxury Autograph Collection hotel located in Menlo Park, California.
Key Takeaways
- 1Secure long-term financing to hedge against interest rate volatility in the current market.
- 2Leverage the Autograph Collection brand to maintain high ADR and occupancy in tech-heavy markets like Menlo Park.
- 3Note that institutional lenders are still active for high-quality, well-located assets despite broader economic headwinds.
Source: Lodging Magazine
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