Brokerage services provider Holliday Fenoglio Fowler (HFF) has announced $155m in construction financing for the development of two oceanfront hotels in Oceanside, California, US.

Holliday Fenoglio Fowler is working on behalf of the developer S. D. Malkin Properties. It placed the financing with Bank OZK and an East Coast-based institutional investor.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Featuring 387 rooms together, the two hotels will be developed over a 2.75-acre, two-block site located along Mission Avenue and North Pacific Street.

They will have immediate access to the beach and their location in Oceanside places it central to several of Southern California’s attractions such as Disneyland, Legoland, Sea World and the San Diego Zoo.

Destination Resorts will operate one of the hotels that will feature 226 rooms, while the other one with 161 rooms will be operated by Joie de Vivre.

Amenities offered by the hotel operated by Destination Resort include a restaurant, indoor/outdoor lounge, pool with ocean views, spa and more than 20,000ft² of meeting and event space.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The hotel operated by Joie de Vivre hotel will feature a rooftop pool and bar, a restaurant, public garden and 3,000ft² of retail space.

Additionally, a local icon commonly known as the ‘Top Gun’ house will be completely renovated and opened to the public.

The HFF team representing the borrower included senior managing directors Timothy Wright and Scott Hall, director Olga Walsh and analyst Aaron Lapping.

Wright said: “The beachfront hotels will be distinctive but complementary, providing a full-service and boutique experience in downtown Oceanside’s burgeoning retail, restaurant and entertainment district.”