Sonnenblick-Eichner Arranges $22.6 Million Loan to Refinance Hotel on San Antonio's River Walk
The Californer/10321505

LOS ANGELES - Californer -- Sonnenblick-Eichner Company has arranged $22.6 million of first mortgage leasehold financing on behalf of Valencia Hotel Group to refinance its Hotel Valencia Riverwalk, a 12-story, 213-room, full-service luxury hotel, on the River Walk in downtown San Antonio, TX.

The AAA-rated, Four Diamond property, part of the Valencia Hotel Collection, features 9,841 square feet of meeting and event space, a fitness center, an interior open-air courtyard and al fresco dining overlooking the San Antonio River. Food and beverage offerings include the highly acclaimed signature restaurant Dorrego's, Naranja Tequilla and Mezcal Bar, and Café Naranja.

The San Antonio River Walk, a public park that winds along the San Antonio River, is lined with restaurants, shops and bars, and is an important part of the city's urban fabric and a major tourist attraction. The #1 destination in Texas for tourism, the San Antonio River Walk has historically attracted approximately 14 million visitors annually.

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"We had tremendous lender interest in this financing opportunity and ultimately closed a five-year fixed-rate loan which was sized to a low debt yield for a hotel encumbered by a ground lease," said Sonnenblick-Eichner Principal David Sonnenblick.

"The loan refinanced a maturing 10-year loan that we originally placed on the property.  The debt markets are extremely liquid for both fixed- and floating-rate hotel loans, as evidenced by the level of interest we experienced on this transaction and other hotel loans that we are marketing," added Patrick Brown, also a Principal of Sonnenblick-Eichner Company.

About Valencia Hotel Collection

Valencia Hotel Collection is a Texas-based portfolio of independent boutique hotels known for timeless design, exceptional hospitality, and thoughtfully curated experiences. Spanning seven distinctive properties, Valencia Hotel Collection includes two luxury flagships—Hotel Valencia Riverwalk in San Antonio, Texas and Hotel Valencia Santana Row in San Jose, California and five elevated urban-retreat properties: Cotton Court in Lubbock; Cavalry Court and The George in College Station; Texican Court in Irving; and Lone Star Court in Austin.  Caravan Court in Arlington is set to open in 2026.  To learn more about each property within the collection, visit ww.valenciahotelcollection.com.

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About Sonnenblick-Eichner Company

Sonnenblick-Eichner Company (http://www.sonneich.com) is a Los Angeles-based real estate investment banking firm that specializes in arranging structured finance for acquisition, construction and permanent loans, interim, preferred equity and mezzanine financing as well as joint-venture equity transactions.  The company is recognized for its expertise in marketing institutional real estate for sale and providing capital for all product types including hospitality, retail, office, industrial, and multifamily properties.