ANAHEIM, CA— Hansji Hotels has obtained a total of $30 million in senior financing for two of its hotels here through the assistance of Neptune Hospitality Advisors. The 10-year fixed-rate loans are for Hansji’s 190-room Desert Palm Hotel & Suites and 150-unit Desert Inn & Suites. The two individual, non-cross collateralized loans, which were obtained from a national commercial real estate lender, bear interest at a rate of 5.55% on a 30-year amortization period. Neptune described the loans as a product of aggressive lending.
