Valencia Hotel Group
Sonnenblick-Eichner Company Arranges $19,500,000 of First Mortgage Financing for Texican Court, Irving, Texas
Sonnenblick-Eichner Company | April 2, 2024
Los Angeles, California – Sonnenblick-Eichner Company on behalf of Valencia Hotel Group, has arranged $19.5 million of first mortgage debt to refinance the Texican Court hotel in Irving, Texas. The non-recourse five-year, fixed-rate loan was funded by a Wall Street investment bank. The loan is interest-only for the entire term at an interest rate of 7.74%, which included a buydown of the rate required by the lender. Built in 2019, the 152-room upscale boutique hotel features a retro-aesthetic design of the mid-century motor court with elements inspired by “Old Texas” architecture. Amenities include a full restaurant, poolside bar,...
Valencia Hotel Group Plans Fall 2020 Opening of Cotton Court Hotel
Valencia Hotel Group | August 6, 2020
LUBBOCK, Texas, Aug. 5, 2020 - Cotton Court Hotel, a retro-inspired urban retreat with an emphasis on creating authentic guest experiences, is slated to open early Fall 2020. The latest Court-property offering from Texas-based hospitality industry leader Valencia Hotel Group, Cotton Court Hotel is situated in Lubbock's Downtown Business District, just one mile east of Texas Tech University, and features 165 thoughtfully designed guest rooms opening onto sweeping outdoor porches, a relaxing courtyard, masterfully planned outdoor gathering spaces with a variety of outdoor amenities, plus 3,500 square feet of indoor meeting and event space. ...