Valencia Hotel Collection Secures $50 Million Refinance Loan From Citigroup For San Jose Hotel

The property involved in this transaction is a hotel located at 355 Santana Row in the San Jose market. The asset has a total of 216 keys and a loan amount of $50,000,000 for a refinance, secured for a term of 5 years.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $50,000,000
• Lender: Citigroup
• Landlord: Valencia Hotel Collection
• Brokers: David N. Sonnenblick & Patrick Brown - Sonnenblick-Eichner Company
• Loan Type: Refinance
• Loan Terms: 5 years

Key individuals in this transaction include David N. Sonnenblick and Patrick Brown, who represented the parties involved through the Sonnenblick-Eichner Company. Both brokers were instrumental in facilitating the refinancing process with Citigroup as the lender.