Town & Country Resort’s $148M Financing Reflects Strong Fundamentals

The newly transformed Town & Country Resort in San Diego recently received financing of $148 million. Situated on 31 acres in San Diego’s Mission Valley, the repositioned Town & Country Resort now features 671 guestrooms, five food and beverage outlets, a water slide, and more than 292,000 square feet of indoor and outdoor meeting space.

Scott Hall and Aaron Lapping of Berkadia secured the floating rate loan through Värde Partners on behalf of the borrower, a partnership between Lowe and Atlas Hotels.

“Through incredible stewardship and vision, Lowe and Atlas Hotels have successfully transformed Town & Country to meet and exceed the expectations of today’s leisure, corporate transient and group guest demands,” said Hall. “Värde’s conviction in sponsorship’s business plan and quality of the resort’s repositioning is further fortified by rapidly improving and strong long-term lodging market fundamentals here in San Diego.”

The hotel has pedestrian access to the San Diego Trolley and Fashion Valley Mall in addition to access to downtown San Diego, San Diego International Airport, San Diego State University, University of San Diego and beaches. The resort is managed by CoralTree Hospitality Group.