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JLL Capital Markets Secures $38.6M Refinance for Dual-Branded Hotel in Lake Forest
JLL Capital Markets has arranged a $38.6 million refinancing for S3 Hotel Group’s dual-branded hotel property, which includes a combined total of 208 rooms under the Homewood Suites by Hilton and Hampton Inn brands. The property, located at 23021 Lake Center Drive in Lake Forest, California, features 116 extended-stay rooms through Homewood Suites and 92 traditional hotel rooms with modern amenities via Hampton Inn.
JLL’s Debt Advisory team, led by director Olga Walsh, secured a five-year, fixed-rate loan through the private wealth management division of a global financial services institution.
“This dual-branded hotel embodies the kind of top-tier, newly delivered product that’s drawing lender attention in today’s market,” said Walsh. “By pairing the asset’s standout fundamentals with the opportunity for a broader sponsor relationship, JLL drove competitive engagement from private wealth lenders, ultimately achieving pricing 125 to 150 basis points inside what’s typically available through standard non-recourse channels.”
The property’s dual-brand format provides flexibility to cater to both short-term and long-term travelers in a growing market, contributing to its strong appeal among lenders.
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