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Sonnenblick-Eichner Company Arranges a Strategic Joint Venture Equity Investment For the Pacific City Lodging Portfolio, Pacific City, Oregon

LOS ANGELES, April 22, 2024 (GLOBE NEWSWIRE) -- Sonnenblick-Eichner Company has arranged a strategic joint venture equity investment into the ownership entity of the Pacific City Lodging Portfolio, located in Pacific City, Oregon. The Pacific City Lodging Portfolio is an irreplaceable collection of iconic oceanfront resort properties comprised of the Headlands Coastal Lodge & Spa, the Inn at Cape Kiwanda, Hart's Camp, and the Cape Kiwanda RV Park. Noble House Hotels & Resorts of Kirkland, Washington provided the investment into the partnership. This investment from Noble House allowed the existing ownership an opportunity to realize equity that they have created in the portfolio while aligning with a seasoned hospitality owner and operator dedicated to investing and growing asset value. This structure also allows ownership to continue to benefit from appreciation in value. The Headlands Coastal Lodge & Spa offers 33 guestrooms, of which 100% are oceanfront with ...