
Oceanside SpringHill Suites Secures $21M Refi
JLL arranged a $20.7-million refinancing for SpringHill Suites by Marriott San Diego Oceanside/Downtown, a 149-room, all-suite, LEED-certified Silver, select-service hotel located in downtown Oceanside, CA. JLL worked on behalf of the borrower to arrange the five-year, fixed-rate loan with Umpqua Bank. Loan proceeds will be used to retire existing loan, cover transaction costs and return a portion of the borrower’s equity.
Developed in 2014, the property is situated on 1.03 acres at 110 N. Myers St, and features a rooftop lounge along with a pool and spa. Additionally, the six-story hotel houses the Hello Betty Fish House, 2,235 square feet of meeting space, a 24-hour fitness center, business center, game room, complimentary breakfast buffet and two levels of subterranean parking.
The JLL Capital Markets team representing the borrower was led by Aldon Cole, Olga Walsh and Aaron Lapping.
For comments, questions or concerns, please contact Dennis Kaiser
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