Mesa West Capital Originates $55 Million Mortgage to Refinance Los Angeles Luxurious Lodge Lately Reflagged Below Marriott’s Tribute Portfolio Motels & Resorts
Mesa West Capital has offered an affiliate entity of Seaview Traders, LLC (Seaview) with $55 million in first mortgage debt to refinance a 186-room full-service lodge in West Los Angeles.
The five-year, nonrecourse financing is secured by the Burton Home Beverly Hills positioned on the northeast nook of Pico Boulevard and South Beverly Drive on the southern gateway to Beverly Hills. Seaview, which has been an funding accomplice within the lodge since 2003, not too long ago accomplished a transformative $13.7 million renovation as a part of a repositioning beneath the Tribute Portfolio Motels & Resorts model. Enhancements included the redesign of the guestrooms, the event of the Emerald Lounge, a brand new eating and social idea, up to date entrances, revamped foyer, new health middle and a 1,100-square-foot yoga and Pilates studio.
The refinancing offers the sponsor, a privately held lodge funding agency based mostly in Newport Seaside, CA, time to proceed driving working efficiency beneath the brand new model and to compete with different luxurious resorts within the Beverly Hills market, in response to Joshua Westerberg, who heads Mesa West’s West Coast Origination crew out of the personal lender’s San Francisco workplace.
“The Burton Home is already establishing itself throughout the market because it leverages the upgraded choices and visitor expertise, the Marriott model and its prime location,” stated Westerberg. “That is evidenced by important will increase in each web working earnings and occupancy since renovations had been accomplished. We see even additional upside as Seaview continues to season the asset.”
The long-term lodge outlook for Los Angeles, which is already one of many world’s main locations for leisure vacationers, is additional underpinned by upcoming world occasions together with the 2026 FIFA World Cup, 2026 NBA All Star Sport, 2027 Tremendous Bowl and the 2028 Olympics, which ought to additional drive income per out there room (RevPAR) features, in response to Westerberg.
Trade-wide, the hospitality sector has recovered to pre-pandemic ranges with luxurious and upper-scale resorts outperforming different courses, in response to an MMCG Make investments April 2025 report “US Hospitality Market Outlook 2025: Efficiency, Funding Traits, and Alternatives.” Because the report notes, in early 2025, RevPAR for luxury-tier resorts grew about 4.2% year-over-year, outpacing the 1.9% RevPAR progress within the economic system phase for a similar interval.
Eastdil Secured organized the financing.
About Mesa West Capital, LLC
Mesa West Capital (http://www.mesawestcapital.com) is a number one business actual property debt fund supervisor and portfolio lender. With places of work in Los Angeles, New York, Chicago and San Francisco, Mesa West has been one of many main suppliers of business actual property debt since its founding in 2004. Mesa West offers non-recourse first mortgage loans for core/core-plus, value-add or transitional properties all through the USA. Mesa West’s lending portfolio consists of all main property varieties with mortgage sizes starting from $20 million as much as $400 million. Since inception, the agency has sourced and closed greater than 450 transactions totaling over $28 billion.
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