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Equinox, a New York hotel investor, is planning to renovate the property and rebrand it as a Tribute by Marriott.
Equinox Hospitality has paid $38 million, or $299,212/room, for the 127-room Four Points by Sheraton San Rafael Marin County hotel in San Rafael, Calif. The seller could not be identified immediately. The hotel was built in 1969 at 1010 Northgate ...
The buyer secured an $87.02 million loan through Wells Fargo Bank for its purchase.
96 percent occupied. HFF arranged an $18 million mortgage with a 10-year term from USAA Real Estate Co.
The building at 4000 Civic Center Drive is more than 95% leased to Autodesk.
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© 2023 Commercial Real Estate Direct All rights reserved..