California + Bay Area + Hospitality | January 12, 2023

Woodside Hotel Group Secures $27M Financing for Two Properties

Sonnenblick-Eichner Company has arranged $26.75 million of non-cross centralized, fixed-rate, first mortgage financing for a pair of Woodside Hospitality Group properties: The Lafayette Park Hotel & Spa in Lafayette, CA and The Lodge at Bodega Bay in Bodega Bay, CA. Both 10-year fixed rate loans are non-recourse and were funded by a life insurance company.

The $15 million loan on the Lafayette Park Hotel retired an existing loan and provided over $4 million of capital for guestroom renovations. The $11.75 loan on the Lodge at Bodega Bay (pictured) paid off an existing bridge loan and provided for a return of partnership equity.

Located on Highway 24, the Lafayette Park Hotel offers 138 guestrooms with more than 14 million square feet of office space located within seven miles. The Lodge at Bodega Bay sits on the Sonoma County coastline and offers 83 guestrooms, with amenities that include a restaurant, a lounge, and a spa.

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.