Sonnenblick-Eichner Firm has organized $22.6 million of first mortgage leasehold financing on behalf of Valencia Lodge Group to refinance its Lodge Valencia Riverwalk, a 12-story, 213-room, full-service luxurious lodge, on the River Stroll in downtown San Antonio, TX.
The AAA-rated, 4 Diamond property, a part of the Valencia Lodge Assortment, options 9,841 sq. ft of assembly and occasion area, a health middle, an inside open-air courtyard and al fresco eating overlooking the San Antonio River. Meals and beverage choices embrace the extremely acclaimed signature restaurant Dorrego’s, Naranja Tequilla and Mezcal Bar, and Café Naranja.
The San Antonio River Stroll, a public park that winds alongside the San Antonio River, is lined with eating places, outlets and bars, and is a crucial a part of town’s city material and a significant vacationer attraction. The #1 vacation spot in Texas for tourism, the San Antonio River Stroll has traditionally attracted roughly 14 million guests yearly.
“We had great lender curiosity on this financing alternative and in the end closed a five-year fixed-rate mortgage which was sized to a low debt yield for a lodge encumbered by a floor lease,” stated Sonnenblick-Eichner Principal David Sonnenblick.
“The mortgage refinanced a maturing 10-year mortgage that we initially positioned on the property. The debt markets are extraordinarily liquid for each fixed- and floating-rate lodge loans, as evidenced by the extent of curiosity we skilled on this transaction and different lodge loans that we’re advertising,” added Patrick Brown, additionally a Principal of Sonnenblick-Eichner Firm.
About Valencia Lodge Assortment
Valencia Lodge Assortment is a Texas-based portfolio of unbiased boutique lodges identified for timeless design, distinctive hospitality, and thoughtfully curated experiences. Spanning seven distinctive properties, Valencia Lodge Assortment contains two luxurious flagships—Lodge Valencia Riverwalk in San Antonio, Texas and Lodge Valencia Santana Row in San Jose, California and 5 elevated urban-retreat properties: Cotton Court docket in Lubbock; Cavalry Court docket and The George in School Station; Texican Court docket in Irving; and Lone Star Court docket in Austin. Caravan Court docket in Arlington is ready to open in 2026. To study extra about every property inside the assortment, go to ww.valenciahotelcollection.com.
About Sonnenblick-Eichner Firm
Sonnenblick-Eichner Firm (www.sonneich.com) is a Los Angeles-based actual property funding banking agency that makes a speciality of arranging structured finance for acquisition, development and everlasting loans, interim and mezzanine financing in addition to joint-venture fairness transactions. The corporate is acknowledged for its experience in advertising institutional actual property on the market and offering capital for all product sorts together with hospitality, retail, workplace, industrial, and multifamily properties.
Media Contact: Bruce Beck
bruce@dbrpr.com – (805) 777-7971