inn at the pier
Hilton | May 19, 2023
PISMO BEACH, California – May 19 – Quorum Hotels & Resorts today announced the Inn at the Pier in Pismo Beach, CA has joined the Curio Collection by Hilton portfolio of one-of-a-kind hotels and resorts with distinct character. The inn, owned by Somera Capital Management, is the first lifestyle Hilton property in the Pismo Beach market. The 104-room hotel operated by Quorum Hotels & Resorts, with design by Level 3 Design Group, received a fresh look for its guest rooms and suites, 1,200 square feet of meeting space, state-of-the-art fitness center, and lobby, which includes the addition of a new, full-service Lobby Bar. A new ro...
Sonnenblick-Eichner Company Arranges $30,000,000 of First Mortgage Financing for The Inn at the Pier, Pismo Beach, California
Sonnenblick-Eichner Company | April 7, 2022
Beverly Hills, CA - April 7, 2022 - Sonnenblick-Eichner Company has arranged $30 million of long-term, fixed-rate financing for the Inn at the Pier, a 104-room, full-service, luxury boutique hotel located one-half block from the Pacific Ocean in Pismo Beach, CA. The non-recourse loan was funded by a Life Company and priced in the low 4 percent range with interest-only payments for the entire term. Proceeds from the loan also provided for a return of equity to the Borrower. The Inn at the Pier features a full-service restaurant, pool and spa, and the only roof-top bar in Pismo Beach. Other amenities include 1,200 square feet of meeti...
Sonnenblick-Eichner Company Arranges $26,500,000 of First Mortgage Financing for The Inn at the Pier, Pismo Beach, California
Sonnenblick-Eichner Company | February 26, 2019
Beverly Hills, (February 26, 2019) – Sonnenblick-Eichner Company has arranged $26.5 million of interim first mortgage debt to refinance the Inn at the Pier, a new 104-room, full-service luxury boutique hotel located one-half block from the Pacific Ocean in the heart of Pismo Beach, California. The non-recourse interim loan was provided by a debt fund. The loan was priced in the mid-300s over 30-day LIBOR and provided for a return of equity to the Borrower. The Inn at the Pier, which opened in November of 2017, features a full-service restaurant, pool and spa, and the only roof-top bar in Pismo Beach. Other amenities include 1,200 ...
Somera Capital Management Breaks Ground on the Inn at the Pier in Pismo Beach on the California Coast
Pacifica Hotels | February 24, 2016
Irvine, CA (February, 24, 2016) – Pacifica Hotels, the largest operator of boutique hotels on the California Coast, announced today the ground breaking of the highly anticipated Inn at the Pier in Pismo Beach. Located just steps from the famous Pismo Beach pier and boardwalk, Inn at the Pier is slated to open in early 2017 at 601 Cyprus Street in downtown Pismo. The owner and developer, Somera Capital Management, has retained Pacifica Hotels as the management company. The Inn at the Pier joins Pacifica Hotels' four other managed Pismo Beach hotels: Sandcastle Inn, Spyglass Inn, Cottage Inn, and The Tides Inn at the Pier will featu...
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