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Westcap

Lido House Hotel

Newport Beach, CA

$42,200,000

Hotel/Hospitality

Construction Loan

Q10 | Westcap originated a construction loan for the new LIDO HOUSE HOTEL on the site of the former Newport Beach City Hall. The proposed development is a 130 room, Marriott Autograph Collection Hotel that will include a lobby, cafe/bakery, 4,400 square feet of function space, restaurant/bar, outdoor dining area, rooftop lounge, fitness center, health spa, business center, concierge, and outdoor courtyard with pool and spa, cabanas, fireplace, and function lawn. Construction is expected to commence in┬áMay 2016 with the operations of the hotel beginning in fourth quarter 2017. The Construction financing was arranged through one of Q10 | Westcap’s key bank relationships.

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Steve Bridges

949-387-9061
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