{"id":1004195051,"date":"2017-10-30T06:49:22","date_gmt":"2017-10-30T14:49:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195051"},"modified":"2022-12-07T06:08:14","modified_gmt":"2022-12-07T14:08:14","slug":"san-diego-luxury-hotel-lands-85m-bridge-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-luxury-hotel-lands-85m-bridge-financing\/","title":{"rendered":"San Diego Luxury Hotel Lands $85M Bridge Financing"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004195052\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/42-1634-Pendry-hotel.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004195052\" data-attachment-id=\"1004195052\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-luxury-hotel-lands-85m-bridge-financing\/42-1634-pendry-hotel\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/42-1634-Pendry-hotel.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;BMC&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1508750678&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"42-1634 Pendry hotel\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;42-1634 Pendry hotel&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/42-1634-Pendry-hotel.jpg?w=800\" class=\"wp-image-1004195052 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/42-1634-Pendry-hotel.jpg\" alt=\"42-1634 Pendry hotel\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/42-1634-Pendry-hotel.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/42-1634-Pendry-hotel.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/42-1634-Pendry-hotel.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004195052\" class=\"wp-caption-text\">42-1634 Pendry hotel<\/p><\/div>\n<p>George Smith Partners: Real Estate Investment Banking secured an $85 million bridge loan for the San Diego Pendry Hotel.<\/p>\n<p>Operating under Montage Hotels &amp; Resorts\u2019 jurisdiction, Pendry San Diego is a 317-key luxury hotel located at 550 J St. The San Diego Convention Center and Petco Park are both nearby.<\/p>\n<p><em>\u201cPendry San Diego\u2019s unique Gaslamp location and impeccable high-end restaurants and bars have resulted in thousands of hotel and non-hotel patrons enjoying its offerings,\u201d<\/em>\u00a0said Malcom Davies, principal at GSP, in prepared remarks. Amenities include a rooftop pool, spa, six restaurants and bars and a 35,000-square-foot high-end meeting and event space.<\/p>\n<p>GSP Vice President Evan Kinne and Assistant Vice President Alex Rossinsky joined Davies in arranging the financing.<em> \u201cWhile Pendry San Diego has only been open for eight months, our team at George Smith Partners\u2014who originally secured the construction loan for the hotel\u2014has now secured bridge financing to repay the construction facility,\u201d <\/em>said Davies in prepared remarks.<\/p>\n<p><em>Image courtesy of George Smith Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Located in the city\u2019s historic Gaslamp Quarter, the 317-key property is close to the San Diego Convention Center and Petco Park.<\/p>\n","protected":false},"author":928,"featured_media":1004195052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21783,21742,1608,15],"tags":[33306,38087,38086,34012],"class_list":["post-1004195051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-investment","category-latest","category-san-diego","category-west","tag-george-smith-partners","tag-malcom-davies","tag-montage-hotels-resorts","tag-pendry-san-diego"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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