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Dual-Branded Hotel Property Scores $39M Refi
JLL Capital Markets arranged a $38.6-million refinancing for S3 Hotel Group’s dual-branded, 208-key Homewood Suites by Hilton and Hampton Inn Irvine Spectrum Lake Forest. A JLL Capital Markets Debt Advisory team led by director Olga Walsh worked on behalf of S3 Hotel Group to secure a five-year, fixed-rate loan through a private wealth management division of a global financial services firm.
Located at 23021 Lake Center Dr. in Lake Forest, the hotel features 116 Homewood Suites rooms and 92 Hampton Inn rooms. The Homewood Suites offers extended-stay accommodations, while Hampton Inn rooms provide traditional hotel amenities with modern furnishings.
“This dual-branded hotel embodies the kind of top-tier, newly delivered product that’s drawing lender attention in today’s market,” said Walsh. “By pairing the asset’s standout fundamentals with the opportunity for a broader sponsor relationship, JLL drove competitive engagement from private wealth lenders, ultimately achieving pricing 125 – 150 basis points inside what’s typically available through standard non-recourse channels.”
- ◦Financing
