California + San Diego + Hospitality | January 25, 2019

HFF Arranges $155M Development Financing for Pair of Oceanside Hotels

S. D. Malkin Properties received $155 million in construction financing for the ground-up development of two oceanfront hotels in Oceanside, CA. The properties will be developed over a 2.75-acre, two-block site located along Mission Avenue and North Pacific Street.

One hotel will be operated by Destination Resort, and will have 226 rooms, a signature restaurant, indoor/outdoor lounge, pool with ocean views, luxury spa and more than 20,000 square feet of meeting and event space.

The other property will be operated by Joie de Vivre hotel, and will have 161 guest rooms, a rooftop pool and bar, restaurant, public garden and 3,000 square feet of retail space. It will feature the historic circa 1887 Graves House, a local icon known as the “Top Gun” house, which will be completely renovated and opened to the public.

HFF’s Timothy Wright, Scott Hall, Olga Walsh and Aaron Lapping placed the financing with Bank OZK and an East Coast-based institutional investor

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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.