Ensemble Investments Secures $115 Million Refinance For La Bahia Hotel & Spa In Santa Cruz

La Bahia Hotel & Spa is a 155-room luxury beachfront hotel located at 215 Beach Street in Santa Cruz, California. The asset is positioned in a market known for its limited comparable luxury hospitality competition, having opened in 2025.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $115,000,000
• Lender: Samir Tejpaul - Madison Realty Capital; Newbond Holdings
• Landlord: Michael Moskowitz, Kam Babaoff & Randy McGrane - Ensemble Investments
• Broker: David Sonnenblick - Sonnenblick-Eichner Company
• Loan Type: Refinance
• Loan Terms: five-year, nonrecourse, floating-rate loan

This refinancing deal was facilitated by Madison Realty Capital and Newbond Holdings, allowing Ensemble Investments to secure funding for an irreplaceable asset in the Monterey Bay area.