H
ardage Hospitality has secured an $88.5 million loan to refinance a waterfront hotel in Marina del Rey, featuring dual Marriott brands. The San Diego-based developer obtained the floating-rate loan from Beach Point Capital Management, represented by CBRE, to replace a maturing mortgage tied to the Courtyard & Residence Inn Marina Del Rey at 4360 Via Marina. Built in 2021, the hotel boasts amenities such as a restaurant, coffee shop, and pool deck. Room rates start at $284 per night for Residence Inn rooms and $264 for Courtyard rooms. This deal marks another milestone for Hardage Hospitality, which has developed or managed 25 hotels across 13 states.
