$220 million refinancing secured for Terranea resort in Calif.

06/10/2013 | GlobeSt.com

The 582-room Terranea Resort in Rancho Palos Verdes, Calif., has received $220 million in refinancing for its existing mortgages, secured by owners JC Resorts and Lowe Enterprises. The property has reported a 58% rise in gross revenue since 2010 and a 16% jump in revenue per available room in 2012.

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