Commercial Observer reported that Madison Realty Capital, in partnership with Newbond Holdings, provided $110 million to refinance Hotel NIA, a 250-key Marriott Autograph Collection property in Menlo Park, Calif. The loan was arranged by David Sonnenblick of Sonnenblick-Eichner Company on behalf of borrower Ensemble Investments. Hotel NIA is the only full-service hotel within the 15.9-acre Menlo Gateway campus, benefiting from proximity to major demand generators including Meta, Snowflake, and Stanford University. MRC co-founder Josh Zegen cited the return-to-office trend across Silicon Valley, limited local hospitality supply, and the asset's institutional sponsorship as key drivers of conviction in the deal.

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