JLL arranges financing for iconic Terranea Resort in Rancho Palos Verdes
United States, Sept. 2 -- JLL Hotels & Hospitality group announced that it has arranged financing for Terranea Resort, an iconic 582-key luxury oceanfront resort perched atop the Palos Verdes Peninsula. The Mediterranean-style property features sweeping 270-degree views of the Pacific Ocean and Catalina Island across a sprawling 102-acre coastal site.JLL worked on behalf of a joint venture between Lowe and JC Resorts to secure a five-year, floating-rate loan from Barings.Opened in 2009, Terranea Resort has established itself as one of California's most scenic and prestigious hotels. The property in Rancho Palos Verdes features distinctive marine terraces that rise from sea level to 1,450 feet in elevation. Current coastal development restri...
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