Los Angeles, CA – February 4, 2014
Highland Realty Capital, Inc. (“HRC”) arranged $42,500,000 in bridge financing and $4.5 million in equity for the acquisition of a 74-room boutique located on Hwy 29 in St. Helena, CA. The sponsor, Palmer City-Core Hotels (“PCCH”), a partnership between The Charlie Palmer Group and San Francisco based City-Core Development acquired The Harvest Inn at the end of January for an undisclosed amount.