Press Release brought to you by PCCP, LLC

PCCP Provides $31.2MM Senior Loan to Refinance the W Hotel San Diego

01/12/2015
Los Angeles, Calif. January 12, 2015 – PCCP, LLC announced today that it has provided a
$31.2 million senior loan to refinance the W Hotel San Diego on behalf of the ownership, a joint
venture between Rockpoint Group and SCS Advisors. The 258‐room full‐service hotel is well
located in Downtown San Diego with convenient access to the San Diego Convention Center,
Gaslamp district, Class A office buildings, and City and County offices.
“This new loan from PCCP provides flexible financing to allow the ownership to
complete its business plan and create additional value,” said Mike Johnson, associate vice
president with PCCP, LLC. “Rockpoint and SCS Advisors are top‐tier real estate firms and PCCP is
pleased to work with them on this high‐quality institutional asset.”
01/12/2015 - 17:46

Source

PCCP, LLC

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