Pacifica Capital & Brokerage Arranges Refinance of San Diego Hotel
DANA POINT, CA, May, 30, 2008. Chris A. Chiotis, Principal of Pacifica Capital & Brokerage, Inc. is pleased to announce his firm arranged first mortgage financing for the refinance of the 125-room Best Western Americana located in San Diego, California. Pacifica arranged the long-term fixed rate deal which included an interest rate below 6.75 percent through a Southern California based bank.
"Amid a very challenging market, Pacifica's solid relationships and vast experience navigating the hotel debt markets, allowed us to achieve the rate and terms we wanted" according to Mike Patel, of Merced Motel Investments, Inc.
The Best Western Americana hotel is well located just 15 minutes from downtown San Diego and is centrally located to other San Diego area amenities and attractions.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
