JLL arranges refinancing for dual-branded hotel portfolio at San Diego's Liberty Station

SAN DIEGO, Dec. 10, 2025 –  JLL Capital Markets announced today it has arranged a refinancing package consisting of a senior loan from BMO Bank N.A. and a mezzanine loan from MetLife Investment Management for Huntington Hotel Group's premium 350-key hotel portfolio at Liberty Station, one of San Diego's most coveted waterfront destinations.

JLL worked on behalf of the borrower to secure the floating-rate financing package with up to five years of term.

The dual-branded hospitality complex includes the 200-room Courtyard by Marriott and 150-room Homewood Suites by Hilton. The properties occupy a strategic position within the Liberty Station mixed-use development, situated between San Diego International Airport and the vibrant downtown core. The hotels share 213 surface parking spaces while maintaining separate operations across distinct four-story buildings, each offering specialized amenities tailored to their respective market segments.

The Courtyard by Marriott delivers a comprehensive select-service experience with over 6,300 square feet of meeting space complemented by 2,500 square feet of pre-function areas. The property features a full-service bistro with bar and restaurant, waterside dining venue, heated pool with fire pits, 24-hour fitness center, business center and complimentary airport shuttle service. Guest accommodations include 89 king rooms, 108 double-queen rooms and three king suites, each averaging 354 square feet with modern workspaces, pull-out sofas, mini-refrigerators and contemporary amenities. The financing package includes funds designated for an all-encompassing renovation of the Courtyard, slated for H2 2026.

The Homewood Suites positions itself as a premium extended-stay destination, having completed a comprehensive property improvement program in 2024. The all-suites hotel features 57 studio suites, 69 one-bedroom king suites and 24 two-bedroom suites, with each unit equipped with full kitchens and averaging 449 square feet. Property amenities include complimentary hot breakfast, evening social hours, outdoor pool and spa, fitness center, basketball court, 24-hour convenience store, guest laundry facilities and 900 square feet of meeting space.

The properties occupy a premier waterfront position within Liberty Station's 361-acre mixed-use development, strategically positioned just 2.5 miles from San Diego International Airport and minutes from major corporate and government facilities including Naval Information Warfare Systems Command, Naval Base Point Loma and offices for Raytheon Technologies, Qualcomm and major healthcare systems. This location creates an optimal convergence of business and leisure demand, with guests enjoying direct access to San Diego Bay, Liberty Station's 100-plus shops and restaurants, luxury cinema, golf course and arts district, while being proximate to major attractions including SeaWorld, Balboa Park, the San Diego Zoo and downtown's entertainment districts.

The JLL Capital Markets team was led by Senior Managing Director Timothy Wright, Director Olga Walsh and Associate Jack Wood.

"This financing reflects the exceptional quality and strategic positioning of these Liberty Station assets within San Diego's premium hospitality market," said Walsh. "The properties benefit from an irreplaceable waterfront location, strong brand affiliations and proximity to diverse demand generators ranging from San Diego International Airport to major corporate and government installations. The recent completion of the Homewood Suites renovation and the sponsor's proven track record of outperforming competitive sets made this an attractive opportunity."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Huntington Hotel Group is a leading hotel investment, development, and management company based in Texas, with a proven track record of delivering high-quality, guest-centric hospitality experiences. The company has developed and managed top-tier properties across the United States and has a reputation for operational excellence and strategic growth. For more information, visit www.huntingtonhotelgroup.com.