Regions West | San Francisco
San Fran Boutique Hotel Gets $45M Refi
Aug 29, 2008

A refinancing deal valued at $45 million has closed for the 201-room Hotel Monaco San Francisco. Property owner Kimpton Hotel & Restaurant Group, on a payoff deadline and feeling the chill of the CMBS market, found a helping hand in GE Real Estate, which provided a three-year fixed-rate on-book loan. Located in the heart of downtown, the boutique lodging destination known today as Hotel Monaco was born as the Bellevue Hotel in 1910. Kimpton acquired the property in 2004 and after a $24 million renovation, re-opened its doors as the Hotel Monaco, the first to carry Kimpton's Monaco flag.

 
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