Hardage Hospitality Secures $88.5 Million Refinance Loan From Beach Point Capital For Marina Del Rey Hotel

The transaction involved the refinancing of a hotel property located at 4360 Vía Marina in Marina del Rey. The asset is a dual-branded Marriott comprised of the Courtyard and Residence Inn, featuring a total of 288 keys. This hotel was built in 2021, and the total loan amount secured for this refinance is $88.5 million.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $88,500,000
• Lender: Andrew Chen - Beach Point Capital Management
• Landlord: Samuel A. Hardage - Hardage Hospitality
• Broker: CBRE
• Loan Type: Refinance

Hardage Hospitality secured the floating-rate loan from Beach Point Capital Management to facilitate the refinancing. CBRE represented Hardage in this transaction, ensuring a smooth process for the 288-key hotel property involved in the deal.