FINANCEDHotel
Anbang Insurance Group Refinances Laguna Beach Hotel With $340M Loan
30801 South Coast Highway, Laguna Beach, CA, USA
$340,000,000
$1,789/SF
Building Size
190,000 SF
Asset Type
Hotel
Closing
Oct 20, 2021
AI
The property involved in the transaction is a hotel located at 30801 South Coast Highway in Laguna Beach. The asset type of the property is a hotel. The deal involves a loan refinance.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $340,000,000
- Address: 30801 South Coast Highway, Laguna Beach
- Market: Laguna Beach
- Lender: Anbang Insurance Group in China - Wu Xiaohui
- Landlord: Dajia Insurance Group
- Loan Type: Refinance
Wu Xiaohui from Anbang Insurance Group in China is the lender in the transaction. The landlord of the property is Dajia Insurance Group.
Players
DG
Dajia Insurance GroupLandlord
Laguna Beach Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93