$80 MILLION LOAN ARRANGED FOR CHARLESTON PLACE IN CHARLESTON

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CHARLESTON, S.C. — Beverly Hills, Calif.-based Sonnenblick-Eichner Co. has arranged an $80 million first mortgage loan for Charleston Place, a luxury hotel in downtown Charleston. The 435-room hotel offers 57,000 square feet of retail space, two full-service restaurants, 37,000 square feet of meeting and banquet space, and a 20,000-square-foot state-of-the-art spa and fitness center. Retailers include Louis Vuitton, Gucci, LaCoste and Tommy Bahama. The borrower was Orient-Express Hotels.

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