Sonnenblick-Eichner Arranges $65-Million Mortgage For Charleston Place

CHARLESTON, SC— Los Angeles, CA-based Sonnenblick-Eichner Co. has arranged $65 million in first-mortgage financing for Charleston Place here. The financing— a LIBOR-based transaction— was placed with a syndicate of offshore money-center commercial banks. Charleston Place is comprised of a premier, 442-room luxury hotel and a 57,000-square-foot high-end boutique retail complex situated in the heart of the Peninsula District of Charleston. Amenities at the hotel include approximately 35,855 square feet of meeting and banquet facilities, two full-service restaurants, and a 20,000-square-foot state-of-the-art spa and fitness facility. Charleston Place is owned by Charleston Center LLC, an entity that includes Orient-Express Hotels Ltd., which manages the property.