California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + San Diego  + Hospitality  | 

$85M Bridge Loan Secured for San Diego Pendry Hotel

George Smith Partners secured an $85 million bridge loan for the San Diego Pendry Hotel, a new luxury hotel brand operated under the Montage Hotels & Resorts in San Diego’s historic Gaslamp Quarter. The 317-room trophy property, located at at 550 J Street, opened in February 2017.

George Smith Partners’ Malcolm Davies says, “While Pendry San Diego has only been open for eight months, our team at George Smith Partners – who originally secured the construction loan for the hotel – has now secured bridge financing to repay the construction facility.”

Davies, who arranged the financing for the asset along with Evan Kinne and Alex Rossinsky, notes “The lender understood the strength in the asset, the strong capabilities of the sponsor, and market demand of both business and leisure travelers who will frequent the property over the coming years.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With George Smith Partners’ Davies

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.