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San Francisco — Oct. 20, 2015 — On behalf of Loews Hotels and Resorts, JLL announced that the firm has secured an $87 million loan for the Loews Regency San Francisco from Bank of China USA.
Formerly known as the Mandarin Oriental San Francisco, the luxury hotel was converted to the Loews Regency brand following Loews Hotels’ April 2015 acquisition of the luxury property. The hotel, which is now operated by Loews Hotels & Resorts, is part of the company’s growing portfolio and joins the iconic Loews Regency New York City in the company’s new Loews Regency Brand.
Senior Vice President Mike Huth, Managing Director John Manning, and Executive Vice Presidents Kevin Davis and Alex Witt led the JLL team on the transaction.
“The newly rebranded Loews Regency San Francisco is a truly remarkable hotel with unparalleled views and impeccable service,” Huth said. “The quality of the asset, the strength of the local market, and the world-class sponsorship presented lenders with a really rare and attractive financing opportunity.”
Added Manning, “San Francisco is an international gateway market with significant barriers to entry and favorable supply-and-demand fundamentals that are driving competition among domestic and international lenders seeking to gain market presence.”
Located in the heart of the Financial District and within walking distance of Union Square and Fisherman’s Wharf, the Loews Regency San Francisco occupies the top 11 floors of San Francisco’s third-tallest building, which was financed last year by JLL.
Each of the 155 guest rooms and suites boast unparalleled views of the Golden Gate city and the Bay. The hotel offers warm and engaging service, world-class amenities, fresh and seasonal menus at Brasserie S&P, more than 5,000 square feet of meeting space, and a new 8,000-square-foot spa and fitness center.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor in the world over the last five years, totaling $63.7 billion.
For more information, visit www.jll.com/hospitality.
