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 Sonnenblick-Eichner Company Arranges $65,000,000 of First Mortgage Leasehold
Financing for the Sheraton Park Hotel at the Anaheim Resort, Anaheim, California
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Los Angeles, CA – June 19, 2007 - Sonnenblick-Eichner Company announced today that it has arranged a $65 million first mortgage for the leasehold interest in The Sheraton Park Hotel at the Anaheim Resort located in Anaheim, California. 
 
The Sheraton Park Hotel at the Anaheim Resort is a 490-room, 13-story, full-service hotel located on Convention Way, one block south of the world famous Disneyland Theme Park and one block east of the 1.6 million square-foot Anaheim Convention Center.  The property recently completed a $30 million renovation and was re-branded as a Sheraton hotel. 
 
Sonnenblick-Eichner Company arranged a 10-year fixed rate leasehold mortgage from a Wall Street investment bank.  The loan payments are interest only for the entire 10-year term.
 
The property, encumbered by a long-term unsubordinated ground lease with the city of Anaheim, includes a club lounge floor; 24,000 square feet of state-of-the-art meeting and banquet facilities; a restaurant and lounge; executive business center and a freestanding Morton’s Steakhouse restaurant. The Sheraton Park Hotel at the Anaheim Resort is the newest AAA 3-Diamond full-service hotel in Anaheim. 
 
Elliot Eichner, a principal of Sonnenblick-Eichner Company commented, “This is the fourth financing that we arranged for this asset.  This loan refinances a $54 million renovation loan which we placed in 2006.  What is significant about this transaction is that we were able to maintain a 10-year interest only structure in today’s volatile capital markets environment even though the hotel had only 8 months of operating history as a Sheraton.”
 
Patrick Brown, also a principal of Sonnenblick-Eichner Company, added, “Given the excellent sponsorship and first class renovation, the financing attracted multiple quotes from institutional lenders.”
 
About Sonnenblick-Eichner Company
Sonnenblick-Eichner Company (www.sonneich.com), is a Los Angeles based real estate investment banking firm that specializes in arranging structured finance for acquisition, construction and permanent loans, interim and mezzanine financing as well as joint-venture equity transactions.  The company is recognized for its expertise in marketing institutional real estate for sale and providing capital for all product types including retail, office, hospitality, industrial, and multifamily properties.
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Contact:

Debi Fidler
Sonnenblick-Eichner Company
1901 Avenue of the Stars, #1750
Los Angeles, Ca 90067
Tel 310-286-7700  Fax 310-286-7710
dfidler@sonneich.com
www.sonneich.com

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Also See: Sonnenblick-Eichner Company Completes $88.5 million of First Mortgage Financing for a Portfolio of Nine Hotels in California / March 2007
Sonnenblick-Eichner Company Arranges $136 million of First Mortgage Financing for Provenance Hotels / January 2007
Sonnenblick-Eichner Company Arranges $63 million of First Mortgage Financing for a Portfolio of Six Oceanfront Hotels in California / November 2006
Sonnenblick-Eichner Company Arranges $63 million of First Mortgage Financing for a Portfolio of Six Oceanfront Hotels in California / November 2006
Sonnenblick-Eichner Company Arranges $28 million of First Mortgage Financing for the Hotel Andra in Seattle, Washington / October 2006
Sonnenblick-Eichner Company Arranges $41.5 million of First Mortgage Financing for Hotel 1000 in Seattle, Washington / September 2006
Sonnenblick-Eichner Company Arranges $61.5 million of First Mortgage Financing for the Marriott Monterey Hotel in Monterey, California / September 2006
Sonnenblick-Eichner Company Completes $40 million Sale of the Coast Santa Cruz Hotel in Santa Cruz, California / September 2006
Sonnenblick-Eichner Company Arranges $41.5 million of First Mortgage Financing for the Maui Coast Hotel in Maui, Hawaii / June 2006
Sonnenblick-Eichner Company Arranges $236 million in Construction Financing for Viceroy Anguilla Resort and Residences, Anguilla, B.W.I. / June 2006
Sonnenblick-Eichner Company Arranges $67 million of First Mortgage Financing for Charleston Place, Charleston, South Carolina / March 2006
Sonnenblick-Eichner Company Arranges Permanent Financing for The Crowne Plaza Hotel in Phoenix, Arizona / February 2006
Sonnenblick-Eichner Company Arranges $54 million of Leasehold Renovation Financing for The Sheraton Park Hotel at the Anaheim Resort, Anaheim, California / February 2006
Sonnenblick-Eichner Company Arranges $58.5 million of Long Term Financing for the Benson Hotel and Paramount Seattle Hotel / January 2006
Sonnenblick-Eichner Company Arranges $44 million in Financing for National Hotel Portfolio / January 2006
Sonnenblick-Eichner Company Arranges $68,500,000 in Financing for Two California Hotels / April 2005
Sonnenblick-Eichner Company Arranges $17.6 Million in Financing for Hilton Tampa Westshore in Tampa Bay, Fla. / January 2005

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