Press Release

CBRE Hotels Secures $71 Million Loan for Embassy Suites by Hilton Anaheim - South

05 12月 2018

Hotel sits near Disneyland® Resort; location and strength of market drew strong interest

Los Angeles, CA - CBRE Hotels arranged a $71 million fixed-rate loan on behalf of Landmark Companies for the 375-key Embassy Suites by Hilton Anaheim - South hotel near Disneyland® Resort.

CBRE Hotel’s Debt & Structured Finance team Marc Sallette and Olga Lepow in Houston and Cara Leonard and Charlie Ryan in Los Angeles jointly facilitated the 10 year, fixed-rate interest-only loan to refinance the existing debt.

The debt is split into a $56 million senior mortgage to be securitized by Deutsche Bank while Artemis Real Estate Partners provided the $15 million junior mezzanine loan to be held on book. Landmark developed the property in 2001, and the majority of the new mortgage is extinguishing existing loans. The owner is also undertaking a five-year, $16 million renovation of the hotel in conjunction with the financing.

“We anticipated strong interest in this financing request due to both the quality of the brand and its proximity to several of SoCal’s iconic demand generators as well as the thriving hospitality market,” said Sallette. “Our dedicated hospitality team facilitated a bespoke loan solution with several borrower-specific requirements not typically provided by the market.”

The hotel, at 11767 Harbor Boulevard in Garden Grove, is located two blocks from Disneyland Resort.

Based on an upward revised outlook for the U.S. economy, U.S. hotels will likely see the 10th consecutive year of growth in 2019, according to the latest CBRE Hotels Americas Research. U.S. hotel occupancy is expected to rise to 66.2 percent next year, a fifth straight record level, according to the December 2018 edition of Hotel Horizons® . The growth in occupancy is primarily the result of a projected 2.1 percent increase in demand, more than enough to offset an estimated net increase in supply of 1.9 percent for the year.

CBRE Hotels is a specialized advisory group within CBRE providing capital markets, consulting, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at