El Encanto Hotel receives loan from Sonnenblick

16th November 2011 (Last Updated November 16th, 2011 18:30)

The El Encanto Hotel in Santa Barbara, California, US, has acquired a $45m loan from real estate investment banking firm Sonnenblick-Eichner on behalf of Orient-Express Hotels.

The El Encanto Hotel in Santa Barbara, California, US, has acquired a $45m loan from real estate investment banking firm Sonnenblick-Eichner on behalf of Orient-Express Hotels.

The loan will help fund the redevelopment and expansion of the El Encanto Hotel.

The 92-room property will open in late 2012.

Orient-Express Hotels owns and operates 49 deluxe hotels, restaurants, tourist trains and river cruises in 24 countries.