The first new build, full-service hotel coming to Long Beach in decades has secured $8.75 million of land acquisition financing.

The upscale Long Beach Hard Rock Hotel, which is set to rise at 100 E. Ocean Blvd., will feature 427 rooms and suites, as well as a rooftop bar, an intimate speakeasy theater and other signature Hard Rock amenities.

The financing, which was obtained by Gantry Inc., a San Francisco-based private consulting and financial advisory firm, supports the hotel’s pre-construction costs. Construction is planned to commence next summer, with expectations of opening in spring 2027.

“Gantry specializes in identifying development and construction funding from our roster of more than 100 unique lenders and capital sources,” Andy Bratt, a principal at Gantry’s Newport Beach office, said. “The Hard Rock development is backed by a well-capitalized sponsor with extensive experience delivering complex projects in urban environments.”

Bratt, along with Gantry’s senior director Amit Tyagi, director Stefan Malmlund and associate Sean Kuang, worked to secure the funding on behalf of Steinhauer Properties, the sponsor-developer of the planned 31-story hotel.

“With the Hard Rock brand consistently elevating and expanding its upscale entertainment offerings, we’re thrilled to be a part of this amazing venture in Long Beach,” Greg Steinhauer, president of Washington-based Steinhauer Properties, said.

“We’re proud to have the opportunity to create a unique and dynamic asset in this beautiful coastal city that reflects the incredible energy of this diverse community that is sure to attract visitors from all over the world,” Steinhauer added.

The loan was provided by one of Gantry’s affiliated debt fund lenders and offers interest only terms at a fixed rate with extension options for flexibility.

“Our team was able to articulate our client’s vision for this exciting project and review all potential sources for the land acquisition funding, landing on a debt fund able to provide optimized terms for this phase of the project,” Bratt said.

According to Bratt, the land is fully entitled, and construction is set to begin soon.

Aside from the Hard Rock development, Long Beach has two other hotels currently under construction – Hotel Mai which will consist of 34 rooms and Fairmont Breakers which will have 185 rooms and open next year.