Hotel Group Inks Refi for Retro Las Colinas Property

Valencia Hotel Group has obtained $19.5 million of first mortgage debt to refinance the Texican Court Hotel in Irving, TX.  The non-recourse five-year, fixed-rate loan was arranged by Sonnenblick-Eichner Company and funded by a Wall Street investment bank. The loan is interest-only for the entire term at an interest rate of 7.74%, which includes a buydown of the rate required by the lender. 

Built in 2019, the 152-room upscale boutique hotel features a retro design of the mid-century motor court with elements inspired by “Old Texas” architecture. Amenities include a full restaurant, poolside bar, 3,200 square feet of indoor meeting space, 9,000 square feet of outdoor event space, a fitness center, swimming pool, outdoor firepits and a beer garden.  

Located at 501 W. Las Colinas Boulevard, the hotel benefits from its central location in the Urban Center of Las Colinas, a 12,000-acre master planned development offering approximately 35.8 million square feet of office space.