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Sonnenblick-Eichner Arranges Investment for Pacific City Lodging Portfolio
The Sonnenblick-Eichner Company, a Los Angeles-based real estate investment banking firm, has arranged a strategic joint venture equity investment into the ownership entity of the Pacific City Lodging Portfolio, located in Pacific City, Oregon.
The Pacific City Lodging Portfolio is comprised of the Headlands Coastal Lodge & Spa, the Inn at Cape Kiwanda, Hart’s Camp, and the Cape Kiwanda RV Park.
Noble House Hotels & Resorts provided the investment into the partnership, which allowed the existing ownership an opportunity to realize equity in the portfolio while aligning with a seasoned hospitality owner and operator.
“We generated significant buyer interest given the unique oceanfront locations in one of Oregon’s top leisure destinations. Adding to the appeal of the offering was the availability of management and franchise, as well as the strong in-place cash flow and extreme barriers to entry,” said Elliot Eichner, a Principal and Co-Founder of Sonnenblick-Eichner Company.
