Meridian Capital Group, America’s most active dealmaker, arranged $15 million in financing to refinance the Candlewood Suites hotel in Anaheim, CA
36-month loan features full-term interest-only payments and was negotiated by Meridian Senior Managing Director, Seth Grossman, and Vice President, Jackie Tran, who are based in the company’s Southern California offices.
Located at 1733 South Anaheim Boulevard, the six-story hotel contains 152 rooms and is ideally situated within walking distance of Disneyland, less than one mile from the main entrance. The property underwent an extensive remodel in 2015 and features a mix of queen-bed studios, two double-bed studios, and one-bedroom suites. All rooms are equipped with kitchens and comfortable living areas in addition to community benefits such as complimentary parking, laundry facilities, a gym and heated swimming pool.
Disneyland’s anticipated Star Wars Land: Galaxy’s Edge is opening in 2019, the largest themed expansion in history, and is expected to bring unprecedented demand to both Disneyland and the Anaheim market overall. In addition to Disneyland, Candlewood Suites is also in close proximity to the Anaheim Convention Center, Honda Center, and Angel Stadium, the latter two being top destinations for sports fans.
Founded in 1991, Meridian Capital Group is America’s most active dealmaker and one of the nation’s leading commercial real estate finance, investment sales and retail leasing advisors. In 2018, Meridian closed over $37 billion in financing through more than 3,500 transactions across more than 250 unique lenders and sold nearly $1 billion in commercial property. Meridian represents many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, and healthcare and senior housing properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida, and California.