Sonnenblick-Eichner Company Arranges $92,000,000 of First Mortgage Financing for a Portfolio of Four Hotels Located in Texas, Virginia, Pennsylvania a

Sonnenblick-Eichner Company | January 12, 2017

Beverly Hills, California – January 12, 2017 – Sonnenblick-Eichner Company has arranged $92 million in first mortgage debt to refinance a portfolio of four hotels totaling 592 rooms. The portfolio includes Hyatt House flagged properties in Falls Church, VA and King of Prussia, PA; a Hilton Garden Inn in Albany, NY; and the luxury boutique Archer Hotel in Austin, TX. The financing consisted of four separate non-recourse, non-cross collateralized loans from three different lenders. Sonnenblick-Eichner Company was able to arrange for a money center commercial bank to provide 10-year fixed financing on each of the two Hyatt Hous...