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$37M Construction Loan for Boutique Hotel
Oram Hotels secured $36.55 million in construction financing for the renovation and development of The Guild San Diego, a 163-room, upscale, boutique hotel in the heart of downtown San Diego. Loan proceeds will be used to continue the conversion of the historic 500 West Broadway building into a four-star premier property with an expected completion in spring 2019.
The hotel will be part of Marriott’s recently acquired Tribute Portfolio brand. Azul Hospitality Group will manage the property.
The seven-story hotel will feature 7,000 square feet of indoor meeting space, and 9,000 square feet of outdoor banquet space, a garden and courtyard. Guest rooms will include a blend of modern finishes and rustic touches, and several food and beverage options are planned.
HFF’s Aldon Cole and Scott Hall placed the construction loan with Regents Bank.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


