Back to News
Oct 22, 2025 12:00 PM

TASI® Bank Closes Two Financing Transactions With Sonesta-branded Hotels

SAN FRANCISCO, Oct. 22, 2025 (GLOBE NEWSWIRE) -- TASI® Bank (www.tasi.bank), a San Francisco–based community business bank, today announced it has provided a total of $26.15 million in purchase money financing to support a new client's acquisition of two Sonesta-branded hotel properties in San Jose and South San Francisco.

The financing package includes $14.35 million for the Sonesta Select in South San Francisco, and $11.9 million for the Sonesta property in San Jose.

"Our client is a highly experienced hotel operator," said Abhay Sandhu, vice president and relationship manager at TASI Bank. "Although this marks our first transaction together, our relationship had been building for some time. He turned ...