Hospitality Funding Advises Cambria Hotels Expansion in Sonoma County, California
August 16, 2017 1:38am
Palm Beach, FL — Hospitality Funding, Inc. arranged funding for the development of a new Cambria hotel & suites in Sonoma County, Calif. Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest hotel companies, signed an agreement with franchise partner Stratus Development Partners, LLC on the new hotel expected to open in 2019.
When assessing the transaction, Hospitality Funding considered the following:
Of the company’s recent success, Hospitality Funding’s Chairman Scott Silver said, “We are excited to have arranged a construction loan for this ground up development. Not only is it ideally located in the heart of wine country, but this Cambria hotel will be a brand new space for meeting and socializing in a bustling market.”
Tags: hospitality funding,
cambria hotel & suites sonoma county,
stratus development partners,
Hospitality Funding, Inc. is a boutique investment advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Hospitality Funding works with superior sponsors to find capital solutions that fit their specific goals for property acquisitions. For more information, please visit www.hospitalityfunding.com.
Contact: Scott Silver
Cambria hotels & suites makes business travel easier—and more fun—than ever before. Offering modern décor, rooms that feel like an upgrade, and fresh, local cuisine at our Social Circle® restaurant, Cambria makes every guest feel like a VIP. There are currently 29 properties open across the country and more than 50 under development in the U.S. and Canada. To learn more, visit www.cambriahotelsandsuites.com.
Choice Hotels International, Inc. (NYSE: CHH) is one of the world’s largest lodging companies. With more than 6,400 hotels franchised in more than 40 countries and territories, Choice Hotels represents more than 500,000 rooms around the globe. As of September 30, 2016, 745 hotels were in our development pipeline. Our company’s Ascend Hotel Collection®, Cambria® hotels & suites, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals by Choice Hotels™ brands provide a spectrum of lodging choices to meet guests’ needs. With more than 28 million members and counting, our Choice Privileges® rewards program enhances every trip a guest takes, with benefits ranging from instant, every day rewards to exceptional experiences, starting right when they join. All hotels and vacation rentals are independently owned and operated. Visit us at www.choicehotels.com for more information.
Stratus Development Partners, LLC (“Stratus”) is a full-service real estate firm. Together the highly talented team of principals encompass over 40 years of institutional development experience in origination, entitlement, repositioning and management focused on value-added strategic acquisitions and innovative developments. Over the last 18 years, Stratus’ principals have successfully entitled, developed, built, renovated and redeveloped over 26 communities representing 2,771 units in core markets of Southern California. To learn more, visit http://www.stratusdev.com/company.
Sam Moon Group Begins Construction of Hyatt House in North Houston’s Metropark Square
IHG Partners With Linzhu Australia for voco Sydney Central Set for 2020 Opening
How Modular Construction Is Changing Commercial Real Estate
Hard Rock International Partners With ASG for €200 Million New Hotel in Barcelona
IIG Partners With Good Shepherd Hospitality for New Boutique Hotel in Downtown Clemson, South Carolina
Concord Hospitality Taps Thom Stewart as Director of Sales and Marketing at The Ben, Opening in West Palm Beach
Birchington to Break Ground on 247-Room Holiday Inn Express in Washington, DC’s Mount Vernon Triangle Neighborhood
Radisson Hotel Group Partners With Allianz Real Estate for New Radisson Collection Hotel in Milan, Italy
Braemar Group Selects Hotel Equities to Operate Six Hotels Located in British Columbia, Saskatchewan and Alberta
Mic Drop: Next REVERB by Hard Rock to Be Located in Sonoma Wine Country
Deutsche Hospitality Partners With ICD to Develop Jaz in the City Hotel in the Deira Quarter of Dubai
Muckleshoot Indian Tribe to Develop Luxury 400-Room Hotel at Muckleshoot Casino
Charleston's Wild Dunes Resort Plans New 153-Room Hotel Expansion to Open in Early 2021
Margaritaville Beach Resort at The Pointe Bahamas Celebrates Topping Off
Hyatt Signs With wasl Asset Management Group for Development of Andaz Dubai The Palm
Red Roof® Unveils Evolution of Extended Stay Brand HomeTowne Studios by Red Roof®
IHG Signs With City Motors Group for New-Build Holiday Inn Slated for 2023 Opening in Kuala Lumpur
17th Annual Southern Lodging Summit Conference Scheduled for August 27th & 28th in Memphis, Tenn.
Choice Hotels Signs Franchise Agreements With Organizations Led By African-American Women to Develop Six Hotels Across US and Caribbean
Marriott Plans World’s Tallest Modular Hotel Set to Rise in New York City This Fall
Please login or register to post a comment.