Los Angeles – January 10, 2024 – RobertDouglas introduced at the moment that it represented, as unique advisor, SunCoast Properties, Inc. within the $29.0 million first mortgage floating price financing of the SunCoast Park Resort 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 primary 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 at the moment’s market atmosphere, capital suppliers are more and more in search of to offer debt to high quality hospitality property with sturdy Sponsorship.”
Matthew Dower, RobertDouglas Managing Director, commented, “The profitable refinancing of this wonderful 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 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 gives 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 non-public fairness placement and improvement of choose service inns. SunCoast identifies actual property investments, facilitates the acquisition (together with improvement and/or repositioning the place indicated), organizes the funding group and manages property by way of profitable outcomes for its community of buyers in search of engaging returns by way of ongoing money movement.
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