Regency Capital Partners

The Tuscan Inn


The Tuscan Inn

Summary

Regency Capital Partners (RCP) arranged the re-financing of this 221 room Best Western Plus Hotel located in San Francisco's Fisherman's Wharf district, one of the city's most popular dining and retail areas. The hotel was acquired by the Borrower in 2010 and underwent a significant re-positioning. In 2014, occupancy was 90% while the daily average rate was $219 and revenue per available room came in at $198. RCP secured a non-recourse, floating rate debt from a German bank, enabling the Borrower to cash out while still enjoying the Property's robust income flows.


Transaction Details

LOAN AMOUNT $45,000,000
FINANCING TYPE Bridge
LENDER TYPE International Bank
PROPERTY TYPE Hospitality
PROPERTY ADDRESS
Map
425 North Point Street
San Francisco, CA
PROPERTY DESCRIPTION This is a 221 room hotel, located on Fisherman's Wharf in San Francisco.