$75MM Loan Secured to Refinance Monterey Marriott Hotel

Sonnenblick-Eichner Company arranges financing for 341-room property

Mar. 3, 2026 at 7:06pm

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Sonnenblick-Eichner Company, a Los Angeles-based real estate investment banking firm, has secured a $75 million first mortgage loan to refinance the 341-room Marriott Monterey Hotel located in Monterey, California.

Why it matters

This refinancing deal highlights the continued strength of the hospitality industry in Monterey, a popular tourist destination on California's central coast. The Marriott Monterey Hotel is a major lodging option in the area, and this financing will allow the property to continue operations and make any necessary upgrades.

The details

The $75 million first mortgage loan was provided by a life insurance company. The financing will be used to refinance the existing debt on the property and provide additional capital for potential renovations and improvements to the hotel.

  • The refinancing deal was completed on March 3, 2026.

The players

Sonnenblick-Eichner Company

A Los Angeles-based real estate investment banking firm that arranged the $75 million loan to refinance the Marriott Monterey Hotel.

Marriott Monterey Hotel

A 341-room hotel located in Monterey, California that was the subject of the $75 million refinancing deal.

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The takeaway

This refinancing deal demonstrates the continued appeal of the Monterey hospitality market, as investors seek to maintain and upgrade major hotel properties in the area to cater to the steady stream of tourists visiting the central California coast.