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 The 500-room WestCoast Anaheim Hotel Obtains $24,500,000 in Leasehold First Mortgage Financing 
Arranged by Sonnenblick-Eichner Company
LOS ANGELES, Nov. 7, 2000 - Sonnenblick-Eichner Company announced today that it has arranged $24,500,000 in leasehold first mortgage financing for the 500-room WestCoast Anaheim Hotel located across the street from Disneyland in Anaheim, California.

The WestCoast Anaheim Hotel�s excellent location within walking distance to both Disneyland and the Anaheim Convention Center and amenities results in it being the best three-star hotel product in the marketplace. 
 

Elliot Eichner, Principal of Sonnenblick-Eichner Company commented that �The recent renovation and the property�s location positions the property to capitalize on the increased demand generated by the expansion of the Anaheim Convention Center and the near-term opening of Disney�s new $1.1 billion California Adventure.�  The Anaheim area is undergoing significant capital improvements with over $4 billion committed for new freeway access, street widening, beautification, along with new development and enhancements of entertainment related projects.


WestCoast Anaheim Hotel
1855 South Harbor Blvd
Anaheim, CA 92802
Proceeds from the financing, which was provided by a domestic credit company, will be used to retire existing debt and provide for additional funds to complete the renovations to the property.

Sonnenblick-Eichner Company is a Los Angeles based real estate investment banking firm that specializes in the sale and procurement of investment capital for institutional quality real estate.  Other transactions recently completed by the principals of Sonnenblick-Eichner Company include:

  • The $243 million sale of the Westin St. Francis Hotel in San Francisco, California.
  • The $117 million financing for PIER 39 in San Francisco, California.
  • The $70 million leasehold financing for Airport Industrial Park in Honolulu, Hawaii. 

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Contact:
Colette Schamet
Sonnenblick-Eichner Company
310-566-7100
[email protected]

Also See WestCoast Hospitality Corporation Enjoyed 5.9% RevPAR Growth During 2nd Qtr / July 2000 
Sonnenblick-Eichner Retained to Finance $250 Million St. Regis Monarch Beach Resort / June 2000 


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