Värde Partners Refinances 671-Key Hotel In San Diego With $148M Loan

The Hotel located at 500 Hotel Cir. N. in San Diego has undergone a significant financial transaction. The property, with a total size of 292,000 square feet spread over 31 acres, is a hotel with 671 keys. The transaction involved a loan for the property.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $148,000,000
• Address: 500 Hotel Cir. N., San Diego
• Market: San Diego
• Size: 292,000 square feet
• Acres: 31 acres
• Number of Keys: 671

The loan, which amounted to $148,000,000, served as a refinance for the property. The transaction was facilitated by brokers Scott Hall and Aaron Lapping from Berkadia. The two brokers represented the relevant parties involved in the deal.