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.
How to Use Data to Build a Profitable Resort
Spirides Arranges $5 Million Hotel Construction Loan for New Holiday Inn Express in Latta, SC
Welcome Group, Inc. Commences Construction on Southern California's First AC Hotel by Marriott in El Segundo
Aztec Group Arranges $42 Million Construction Financing for Concord Hospitality’s Marriott Autograph Collection Hotel in West Palm Beach, FL
Analysis Reveals Costly Impact of New York City's Plan to Curb Hotel Development in M1 Zones
SOPHY Hyde Park: A Groundbreaking Hotel Evokes the Best of Historic Hyde Park’s Architecture & Design
Hotel Supply in France: Nothing Begets Nothing
Carlson Rezidor Hotel Group Expands Its Development Team in the Americas with Nine Appointments
Meisel Holdings Managed Services - Driven by Data, But Powered by Professionals
PNK Group & Hyatt to Bring New Build Unbound Collection by Hyatt to Hollywood, California
The University of Rhode Island Issues Request for Qualifications and Expressions of Interest for Real Estate Development on the URI Kingston Campus under a Ground Lease
Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land
Sonnenblick-Eichner Company Arranges $110,000,000 of First Mortgage Financing for InterContinental San Francisco
U.S. Hotel Development Cost Survey 2016/17
Public Involvement in Convention Center Hotel Financing
Hospitality Funding, Inc. Arranged Funding for the Acquisition of the Comfort Suites Arlington, Texas
New Builds Signal Growing Strength of Independent Hotels, New Entrepreneurial Brands, as a Dozen Teneo Member Hotels Open 2017-2018
Nakheel and Centara Reach New Milestone on 600-Room Beachfront Resort at Deira Islands; Enter Joint Venture
Sonnenblick-Eichner Company Arranges $135,780,000 of Financing for a Portfolio of Cooper Hotels
OTO Development Makes Inc. 5000 List – for the 6th Time
Please login or register to post a comment.