In Brief: JLL Capital Markets, Hospitality Finance Group arranged $210 million in refinancing through Citi for the 531-key Grand Hyatt Indian Wells Resort & Villas in Indian Wells, California, on behalf of Trinity Investments.
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Grand Hyatt Indian Wells Resort & Villas – Image Credit Hyatt
JLL secured a five-year, floating-rate SASB CMBS loan for the resort, located on 45 acres at 44600 Indian Wells Lane in Indian Wells, California.
The refinancing follows a $62 million renovation and conversion to the Grand Hyatt flag in 2024. The AAA Four Diamond property has 531 accommodations, including 449 guestrooms, 39 suites and 43 villas.
The resort has more than 88,000 square feet of indoor and outdoor meeting and event space. Its facilities include nine pools, a water park with waterslides and a lazy river, the 30,000-square-foot Agua Serena Spa & Wellness center, six food-and-beverage venues, tennis and pickleball courts, a fitness center and access to the adjacent Indian Wells Golf Resort.
The villa collection includes private outdoor living areas and dedicated guest services.
The property is near the Indian Wells Tennis Garden, Empire Polo Club, El Paseo shopping district and PGA West, as well as residential communities in the Coachella Valley. Palm Springs International Airport is approximately 30 minutes from the resort.
The surrounding market includes leisure travel, corporate retreats, golf, tennis, music festivals, entertainment venues and seasonal residents. The resort also has access to drive-to markets including Los Angeles, San Diego and Phoenix.
JLL’s Hotels & Hospitality Group team was led by Managing Director Mike Huth and Analyst Jade Lewin, with strategic oversight from Kevin Davis, CEO of Americas Hotels & Hospitality Group.