National CORE secures $103 million bond financing for Hyatt Regency Ontario hotel transformation
Type: Financing · Technology: Hospitality · Country: United States · Value: $103M · Announced: 2026-06-16
National CORE, a nonprofit developer and property manager of affordable housing, closed approximately $103 million in bond financing to support the transformation of the Hyatt Regency Ontario hotel in Rancho Cucamonga, California. The financing follows strong investor interest and marks a strategic expansion into hospitality infrastructure for the organization. The project involves converting the existing hotel into a mixed-use facility, though specific details about the new configuration were not disclosed in the announcement. The bond issuance reflects growing investor confidence in National CORE's ability to execute large-scale property transformations. No additional parties, such as lenders or advisors, were named in the transaction details provided.
Counterparties
- National CORE (Borrower)
- Hyatt Regency Ontario (Project Asset)