LOS ANGELES, California—JLL Capital Markets announced that it has arranged $103.5 million in tax-exempt bond financing for the repositioning of a 295-key Hyatt Regency hotel in Ontario, California. The financing structure combines $77.1 million in tax-exempt hotel revenue bonds and $26.5 million in tax-exempt C-PACE bonds.
JLL worked on behalf of the borrower, National CORE, to secure the financing, with J.P. Morgan as the bond underwriter and GreenRock as the C-PACE administrator. An affiliate of National CORE acquired the asset through a bankruptcy auction in August 2024 and secured a franchise agreement with Hyatt.
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