Ensemble Investments Secures $110 Million Refinance For Hotel Nia In Menlo Park CA

The asset involved in this transaction is Hotel NIA, a 250-room Marriott Autograph Collection hotel located at 200 Independence Drive in Menlo Park, CA. The property received a refinance loan amounting to $110,000,000, facilitating its financial operations and future management strategies.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $110,000,000
• Address: 200 Independence Drive
• Market: Menlo Park, CA
• Lender: Josh Zegen - Madison Realty Capital; Newfound Holdings
• Landlord: Michael Moskowitz - Ensemble Investments
• Loan Type: Refinance
• Keys: 250

The refinancing was secured by Ensemble Investments, which is preparing to shift hotel operations to its management platform, Ensemble Hospitality. The loan originated from Madison Realty Capital in collaboration with Newfound Holdings, reflecting a strategic approach to enhance operational control and efficiency.