Rockbridge Capital Provides $38M Loan For Portofino Hotel & Marina In Redondo Beach

The Portofino Hotel & Marina, located at 260 Portofino Way in Redondo Beach, has recently undergone a transaction. The hotel, owned by Noble House Hotels & Resorts and represented by John M. Donoghue, has secured a loan from Rockbridge Capital. The loan, facilitated by James T. Merkel of Rockbridge Capital, amounts to $38,000,000. This transaction marks a significant event in the hotel's financial history.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $38,000,000
• Address: 260 Portofino Way - Portofino Hotel & Marina
• Market: Redondo Beach
• Lender: Rockbridge Capital - James T. Merkel
• Landlord: Noble House Hotels & Resorts - John M. Donoghue
• Broker: Sonnenblick-Eichner Company
• Keys: 161

The involvement of Rockbridge Capital and Noble House Hotels & Resorts, represented by James T. Merkel and John M. Donoghue respectively, demonstrates their commitment to the Portofino Hotel & Marina. Additionally, Sonnenblick-Eichner Company played a crucial role as the broker in this transaction. The loan provided by Rockbridge Capital will enable the hotel to pursue its future endeavors and maintain its position in the hospitality industry.