Omni

HFF Arranges $140 Refinancing Loan for Omni San Diego Hotel

by John Nelson

SAN DIEGO — A joint venture between TRT Holdings and JMI Realty has received a $140 million refinancing loan for the 511-room Omni San Diego hotel. The property is located at 675 L St. in San Diego’s Gaslamp Quarter. The 200,000-square-foot-hotel is directly across Harbor Road from the main entrance of the San Diego Convention Center. It was built in 2004 and renovated in 2013. The hotel features McCormick & Schmick’s Seafood Restaurant, in addition to Terrace Bar & Grill and Morsel’s. Hotel amenities include an 8,000-square-foot rooftop terrace, 27,000 square feet of meeting space, outdoor heated pool and spa and a full-service fitness center. The 15-year, fixed-rate loan will refinance the existing debt on the hotel. HFF’s Whitaker Johnson, James Fowler, Scott Hall and Sarah Baccich arranged the financing through AIG Investments.

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