SpringHill Suites Hotel Planned for Oceanside Gets FinancingTuesday, August 7, 2012
Capital services firm Holliday Fenoglio Fowler LP, also known as HFF, has arranged a $25.1 million construction loan for development of a 150-room Marriott SpringHill Suites hotel in Oceanside.
A company statement said HFF helped secure a three-year loan through US Bank, on behalf of client GF Properties Group LLC. GF is developing the hotel, to be situated at the southeast corner of North Myers Street and Mission Avenue.
GF Properties Group is a wholly owned subsidiary of the Southern Ute Indian tribe, managing national investments and operating companies in all facets of real estate, the HFF statement said. GF’s portfolio consists of residential and mixed-use land for sale as well as investments in retail, office, industrial, apartments and condominiums.
HFF is part of Pittsburgh-based HFF Inc. and has operations in San Diego.