Huntington Hotel Group Secures $14 Million Refinance Loan For Hotel In Temecula

The property asset involved in this transaction is a four-story extended-stay hotel located at 28400 Rancho California Road in Temecula, California. It features 120 keys and was built in 2019, offering amenities such as a fitness center, outdoor pool, and business center. The hotel provides convenient access to the San Diego, Orange, and Los Angeles counties, making it a strategic location for both tourists and the affluent community surrounding it.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $14,000,000
• Lender: MetLife Investment Management
• Landlord: Huntington Hotel Group
• Loan Type: Refinance
• Loan Terms: 3 year, floating-rate
• Market: Temecula
• Brokers: Jack Wood, Olga Walsh & Tim Wright - JLL

This transaction was facilitated by brokers Jack Wood, Olga Walsh, and Tim Wright from JLL, who worked on behalf of an affiliate of Huntington Hotel Group to secure the refinancing through MetLife Investment Management. The loan provided a three-year floating-rate option, which aligns with the financial strategy of the landlord in optimizing their investment in the hotel asset.