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Monday, Sep 26, 2022
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HFF Secures $140M Financing for Omni San Diego

HFF announced that it has secured $140 million in financing for the Omni San Diego hotel, a 511-room, 21-story luxury convention center hotel. Proceeds from the financing will be used to refinance the existing debt on the hotel, HFF said.

HFF arranged the 15-year, fixed-rate loan for the borrower, a joint venture between JMI Realty and TRT Holdings. The loan was arranged through AIG Investments, HFF said.

The hotel is located at 675 L Street in the Gaslamp Quarter.

San Diego-based JMI Realty is a private real estate investment and development company which currently manages a real estate investment portfolio valued at approximately $600 million. The company is also the master developer of the ballpark district. JMI Realty was established in 1992 as the real estate investment subsidiary of JMI Services Inc.

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TRT Holdings is a privately-owned, diversified holding company located in Dallas. Assets include Omni Hotels & Resorts and Gold’s Gym International.

HFF is a provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.

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