LOS ANGELES Sonnenblick-Eichner Co. has arranged construction financing for the new St. Regis Hotel Monarch Beach Resort in Dana Point, CA. The loan was syndicated among four banks and led by a major international commercial bank. The $250 million resort will include the development of a new 400-room St. Regis Hotel located on 209 acres.
The project also includes the improvement of the existing Monarch Beach Golf Links, an 18-hole championship oceanfront golf course. The seven-story hotel is being built to five-star and five-diamond standards and will include approximately 30,000 square feet of meeting space and up to 28,000 square feet of spa facility. (2/5/01)