Seven Hills Realty Trust Closes $29M Bridge Loan For SunCoast Park Hotel In Anaheim, California | 1640 South Clementine Street - SunCoast Park Hotel Anaheim, Tapestry Collection by Hilton | Hotel | Loan

Summary

Loan

CALIFORNIA

Hotel

Seven Hills Realty Trust (SEVN) closed a $29.0 million bridge loan for the SunCoast Park Hotel Anaheim, part of Hilton's Tapestry Collection. The 174-room hotel in Anaheim, California offers SEVN diversification and an attractive risk-adjusted return with a two-year initial term and three one-year extension options.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $29,000,000
Address: 1640 South Clementine Street - SunCoast Park Hotel Anaheim, Tapestry Collection by Hilton
Market: Anaheim
Keys: 174

Tom Lorenzini of Seven Hills Realty Trust represented the landlord in this transaction.

Details

Deal Summary

FINANCED

IMAGE: Tom Lorenzini DATE: 12/05/2023 ADDRESS: 1640 South Clementine Street - SunCoast Park Hotel Anaheim, Tapestry Collection by Hilton MARKET: Anaheim ASSET TYPE: Hotel ~ KEYS: 174 LANDLORD: Seven Hills Realty Trust - Tom Lorenzini LOAN AMOUNT: $29,000,000 LOAN TYPE: Bridge Loan LOAN TERMS: floating rate, two-year initial term with three one-year extension options NOTE: Seven Hills Realty Trust (SEVN) closed a $29.0 million bridge loan for the SunCoast Park Hotel Anaheim, part of Hilton's Tapestry Collection. The 174-room hotel in Anaheim, California, offers SEVN diversification and an attractive risk-adjusted return with a two-year initial term and three one-year extension options.

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Address1640 South Clementine Street - SunCoast Park Hotel Anaheim, Tapestry Collection by Hilton

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