
Sonnenblick-Eichner Co. announced on Tuesday that it has arranged US$45 million for the construction of El Encanto Hotel in Santa Barbara, California, for Orient-Express Hotels.
Sonnenblick-Eichner Company announced that it has arranged $45,000,000 in construction financing for the El Encanto Hotel located in Santa Barbara, California, on behalf of Orient-Express Hotels, Ltd. Proceeds from the loan will augment the funding of the redevelopment and expansion of this luxury property, which was originally constructed in the early 1920s.Orient-Express Hotels Ltd is a hotel and leisure group focused on the luxury end of the leisure travel market. They currently own and operates 49 hotels, restaurants, tourist trains and river cruises in 24 countries.El Encanto, a 92-key hotel in Santa Barbara, will open in late 2012.

