CUPERTINO, CA— The Cypress Hotel here has received non-recourse $24.5 million floating-rate, first-mortgage financing from Wachovia Bank, N.A. Sonnenblick-Goldman Co., which served as the exclusive financial advisor to Cupertino Hotel Associates, LP, arranged the financing. The boutique 224-room Cypress Hotel located in Silicon Valley features meeting facilities, 24-hour fitness room and 186-seat Park Place restaurant. The Cypress Hotel opened in July 2002 and is owned by Cupertino Hotel Associates, LP and managed by Kimpton Hotel and Restaurant Group, LLC.
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