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Hotel Lending News

  • HALL Structured Finance Closes $19.15M Construction Loan To Finance The Redevelopment Of …
    DALLAS, Jan. 11, 2018 /PRNewswire/ -- Dallas-based HALL Structured Finance (HSF) announced today that the company has closed a new first lien construction loan totaling $19.15 million to finance the redevelopment of the Gale Hotel in Fort Lauderdale, Florida. The new 96-room boutique hotel is  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-11
  • Greenberg Traurig Secures $36.8M for Historic Miami Beach Hotel Revamp
    Greenberg Traurig got a $36.8 million loan for the restoration of two vacant Miami Beach properties to cover more than half the cost needed to breathe life into the historic buildings. Miami Beach-based hospitality company VOS Hospitality, part of Trans Inns Management Inc., and health care and  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-09
  • Sunstone Hotel Investors (SHO) Gets Raymond James Lower Rating; Midland States Bancorp …
    The Company's loan portfolio comprises commercial lending products consisting of owner occupied commercial real estate loans, commercial real estate investment loans, real estate construction loans, multifamily loans, and loans to purchase farmland and finance agricultural production; commercial  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-09
  • Editorial: Predictable outcome for Downtown Peoria hotel
    All of this would be done on the hope the hotels would be sold in the coming year — a more sustainable refinancing arrangement is possible, too, though unlikely given the experience of the last few years — at a price that would satisfy the lender and get the city out from under without local taxpayers  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-08
  • Work expected to begin soon on downtown hotel
    Work on the Best Western GLō hotel must begin within 45 days of the Dec. 20 closing on the lending deal. "They're well aware of that deadline," Gilbert said. "I don't think we'll even get close." Enid Economic Development Authority entered into a master development agreement on Feb. 23, 2017, with the  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-05
  • Eastern Consolidated Arranges $121M Financing for NYC Hotel
    Eastern Consolidated arranged a first mortgage of $97.5 million through Bank of the Ozarks for the project, in addition to a $23.9 million mezzanine construction loan from Square Mile Capital Management LLC. The lending community stood up and took note of the hotel financing opportunity, and for  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-05
  • Ice cool and iconic: Bürgenstock Hotel & Alpine Spa
    Location and landscape are the two leitmotifs that characterise the experiences as it features floor-to-ceiling glass panels and sweeping terraces in almost every part of the hotel, constantly lending a sense of context and location. “After all, this is Switzerland and people come here for the dreamy  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-05
  • Milmark Hotel/Motel Investments, LLC Adds Illinois License
    Founder and host of the popular Hotel Investor's Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending,  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-04
  • Moinian ramps up lending with over $200M in NY, SoFla deals
    Moinian, which has about $2 billion in real estate assets, initially got into the lending game in 2015 with a $65 million loan to David Marx's Marx Development Group for a Hudson Yards hotel. In 2016, the company launched a dedicated investment platform, offering senior loans above $15 million, and  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-04
  • Americus Hotel finally gets NIZ money as board approves financing plan
    Employee Monzer Chokif is pictured in the lobby of the Americus Hotel in Allentown on Jan. 3. Owner Albert Abdouche wants the ANIZDA board to approve his financing plan for the hotel. /// (HARRY FISHER / THE MORNING CALL) mc-biz-americus-anizda-approval (HARRY FISHER / THE MORNING  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-03
  • Wyndham partners Nebula for 20 Hawthorn Suites
    Wyndham did not share details about the amount of money that will be invested in developing these hotels as the funding is to be done by Nebula Infraspace and the hotel company is only lending its brand to these hotels. Also, there is no clarity on how Nebula Infraspace will go about funding, land  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-02
  • Downtown hotel making some strides
    After false starts, steps back and progress seemingly measured in inches, it appears plans for a downtown hotel project is making big strides. In December, the lending deal on the hotel closed with the developer and city of Enid in Oklahoma City. It's been a long time coming. The city actually started the  ... ..read more
    Source: Hotel Lending NewsPublished on 2018-01-02
  • FIRST PACE WISCONSIN PROJECT BEGINS IN DANE COUNTY- Hotel Indigo project to include …
    FIRST PACE WISCONSIN PROJECT BEGINS IN DANE COUNTY- Hotel Indigo project to include significant energy efficiency improvements - ... Greenworks Lending, based in Darien, Connecticut, provided the PACE financing component of the project capital budget. PACE Wisconsin launched in  ... ..read more
    Source: Hotel Lending NewsPublished on 2017-12-29
  • LaSalle Hotel Properties (LHO) Reaches $28.24 After 5.00% Down Move; Bcb Bancorp New …
    LaSalle Hotel Properties (LHO) Reaches $28.24 After 5.00% Down Move; Bcb Bancorp New Jersey (BCBP) Shorts Down By 8.74% ... home equity loans and home equity lines of credit, construction loans, consumer loans, commercial business loans, and small business administration lending services. ... ..read more
    Source: Hotel Lending NewsPublished on 2017-12-28
  • Piramal Finance eyes hospitality sector, in talks with hotel firms
    “Piramal Finance has been given the mandate by the group to either take a minority equity position or offer structured debt to hotel companies and owners,” this person added. According to this person, the company has started scouting for opportunities to invest in branded hotels as well as individual  ... ..read more
    Source: Hotel Lending NewsPublished on 2017-12-25