Surfsand Resort Elevates Guest and Staff Experiences With Agilysys Property Management, Point-of-Sale, and Payment Processing Solutions
Agilysys | May 23, 2023
Technology Advancements Add to Recent Property-Wide Renovation and Expansion Investment at the Oregon Coast’s Premiere Resort Location ALPHARETTA, GA — May 23, 2023 — Surfsand Resort in Cannon Beach, Oregon, has built its long-held reputation as a leading vacation spot in part based on its enviable location overlooking the iconic 235-foot-high Haystack Rock just off the Northwest Pacific Coast. In 2022 the resort further elevated its stature by updating all the property’s systems prior to a property-wide renovation and expansion starting in November 2023. Surfsand also reinforced its allure as a destination for special moments by...
Sonnenblick-Eichner Company Arranges the Sale and Acquisition Financing for the Surfsand Resort, Cannon Beach, Oregon
Sonnenblick-Eichner Company | August 2, 2022
Beverly Hills, CA (August 2, 2022) -- Sonnenblick-Eichner Company has arranged a $58 million sale and $40.6 million of acquisition financing of the fee simple and leasehold interests in the Surfsand Resort, an irreplaceable and iconic beachfront resort located in the prestigious city of Cannon Beach, Oregon. The 95-room hotel is the only full-service resort of its kind on the Oregon coast. The resort was purchased by Vancouver, Washington-based Vesta Hospitality (www.vestahospitality.com). The new ownership is planning a $9 million renovation that will further enhance the resort and its amenities. Cannon Beach, one of the most striki...
Sonnenblick-Eichner Company Arranges $23M Financing for The Surfsand Resort in Cannon Beach, Oregon
Sonnenblick-Eichner Company | September 11, 2013
BEVERLY HILLS, CA - Tuesday, September 11, 2013 - Sonnenblick-Eichner Company announced today that it has arranged $23,000,000 of first mortgage financing for the Surfsand Resort, Cannon Beach's premier full service resort located on the beach along Oregon's northern coast. Proceeds from the loan will be used to pay off an existing interim loan previously placed by Sonnenblick-Eichner Company in 2010. The new 10-year fixed rate loan is non-recourse to the borrower and carries an interest rate of less than 4.5% with 30 years amortization. The 97-room resort offers 3,600 square feet of meeting and banquet space, a restaurant with a lounge...
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