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Marriott-Branded Hotel in Arcadia Secures Construction Loan
ACRES Capital Corp. originated a $43.5 million bridge loan to complete the construction and stabilization of the Le Meridien by Marriott International hotel in Arcadia, CA. The loan, which carries a term of 24 months, is sponsored by veteran investors Eric Chen and Wen Fei Shen.
ACRES’ Mark Fogel says, “This loan represented an attractive opportunity to provide our flexible capital solution to highly capable and experienced sponsors in the Los Angeles County market.”
Located at 130 West Huntington Dr. in the San Gabriel Valley, the Le Meridien by Marriott International will be a full-service, four-star hotel encompassing 233 rooms. It will feature a number of amenities for guests, including a 5,000-square-foot ballroom, outdoor and meeting spaces, and lounge.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development


