A pair of northern California properties in Mendocino are poised to be refinanced and fully renovated as the result of a nearly $20 million loan from Thomas Financial Group.
The Mendocino Hotel & Garden Suites and Hill House Inn had both fallen into disrepair prior to the USDA Business & Industry loan. The new ownership, Castle Peak Holdings, will launch a comprehensive restoration designed to enhance the guest experience while preserving the charm and history of the coastal village.
“This project is about more than restoring two historic hotels,” David Better, partner at Castle Peak Holdings, said in a statement. “It’s about breathing life back into community gems, reactivating jobs and celebrating the unique cultural legacy and spirit of Mendocino. These hotels are deeply woven into the historic fabric of what makes Mendocino special. Everyone in the area has a story about these hotels; whether they worked there as a kid, had their high school prom there or shared a memorable meal there with family and friends. We look forward to delivering a successful project and creating the next generation of memories for locals and guests alike.”
The Mendocino Hotel & Garden Suites is the only full-service hotel in the downtown district, while Hill House Inn is widely known as the setting for the drama TV series “Murder She Wrote.” Both properties will have authentic local design elements and highlight regional artisans and makers through curated programming.
The planned improvements include the restoration of a three-meal restaurant and historic lobby bar at Mendocino Hotel; the reopening of an indoor wedding venue; upgrades to room layouts, ADA compliance and coastal-facing suites; and the activation of public gathering spaces.