Lending Portfolio

Transaction Details

Marriott Courtyard and Residence Inn in Sand City, California is a 139,660-square-foot building that will include 215 guest rooms. The Courtyard by Marriott’s 127 guestrooms will feature the brand’s clean lines, marrying beach style with a modern feel while Resident Inn by Marriott’s 88 rooms are designed for the longer-stay guest. The property is located a short walking distance from the beach and three miles from downtown Monterey, California, one of the top drivable leisure destinations in the country averaging 4.6 million visitors per year.

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Residence Inn By Marriot

Deal Basics

  • location

    Sand City, CA

  • loan amount

    $39 Million

  • loan type

    Construction Loan

  • property type

    Hotel

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Mint House

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Residence Inn By Marriot