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Washington DC & Mid-Atlantic  + Hospitality  |  January 29, 2020
David Cohen
By: David Cohen

Sonnenblick-Eichner Arranges $18M Refinancing for Boutique D.C. Hotel

Beverly Hills-based real estate investment banking firm Sonnenblick-Eichner has arranged a $17.7 million loan to refinance The Normandy Hotel, a six-story, 75-room boutique hotel located in Washington D.C.’s Kalorama district.

The non-recourse LIBOR-based loan has a term of five years and paid off an existing acquisition and renovation loan that was also arranged by Sonnenblick-Eichner. In September of 2018, the borrower completed an $800,000 refresh of the Hotel.

“The floating rate loan provides the borrower additional time for the hotel to ramp-up post renovation to stabilization,” said Elliot Eichner, principal at Sonnenbblick-Eichner.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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