Developers, EKN Development Group and Garn Development, are planning to begin construction on a dual branded Marriott hotel in Sands City, California. The 139,660-sq.-ft. building will include 215 guestrooms. The Courtyard by Marriott includes 127 guestrooms and the Residence Inn by Marriott includes 88 rooms. The development will feature 3,133 sq. ft. of flexible meeting space and a courtyard with a resort-style pool, cabanas and a fully equipped stage to accommodate live performances and events. The hotel will also include an epicurean experience with an independently branded restaurant and bar. The property will be located near Monterey State Beach and Cannery Row. JLL secured the first mortgage loan of $39 million from HALL Structured Finance. Nuveen Green Capital provided a CPACE loan of $28.1 million. Ebbie Khan Nakhjavani, is founder/CEO, EKN Development.  

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