hospitality funding

/Tag: hospitality funding

hospitality funding

Choice Hotels Signs With Hospitality Funding and TQP Capital Partners to Redevelop Historic YMCA in Downtown Burlington as Cambria Hotel

Cambria Hotels | May 22, 2019

ROCKVILLE, Md., May 22, 2019 -- Cambria Hotels will be expanding to Vermont, following Choice Hotels International, Inc.'s (NYSE: CHH) agreement with Hospitality Funding Inc. and TQP Capital Partners to develop a 142-room hotel, slated to open in 2021. Located at 266 College St., the new Cambria hotel in Burlington will preserve the historic façade of the existing structure, which was built in 1934 and formerly housed the Greater Burlington YMCA. Located on one of Burlington's busiest thoroughfares, the hotel is a few blocks from the University of Vermont (UVM) and the UVM Medical Center—the state's largest univ...

Hospitality Funding, Inc. Arranged Funding for the Acquisition of the Comfort Suites Arlington, Texas

Hospitality Funding | October 23, 2017

Arlington, Texas – Hospitality Funding, Inc. arranged funding for the acquisition of the Comfort Suites Arlington, Texas. Waramaug LS Hotels LLC acquired the hotel in a joint venture with high net worth investors. When assessing the deal, Hospitality Funding and Waramaug Hospitality considered the following: The property is located near Six Flags Theme and Water Park, Rangers Ballpark, AT&T Stadium, Arlington Convention Center and more The property is a 108-room, all-suite hotel with high ceilings throughout that opened in 2009 The hotel's amenities include complimentary breakfast, a swimming pool, a fitness center, a busi...

Hospitality Funding Advises Cambria Hotels Expansion in Sonoma County, California

Hospitality Funding | August 16, 2017

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: The four-story, 132-room Cambria property will be located at 5870 Labath Avenue in Rohnert Park. The Cambria hotel & suites Sonoma County is in the heart of wine country and next to Napa Valley, offeri...

Hospitality Funding Advises Newark Hotel Acquisition

Hospitality Funding | July 24, 2017

Palm Beach, FL — Hospitality Funding, Inc. arranged funding for the acquisition of the the SpringHill Suites by Marriott Newark Liberty International Airport hotel in Newark, New Jersey. In a joint venture with a China-based investor, Waramaug LS Hotels LLC added the property to their portfolio. When assessing the deal, Hospitality Funding and Waramaug Hospitality considered the following: The property is located adjacent to Newark Liberty International Airport The property is a 200-room, six-story, all-suite hotel that opened in 2004 The hotel's amenities include complimentary breakfast, a 24-hour Market, airport shuttle serv...

Hospitality Funding Advises Cambria Hotels Expansion in Napa, California

Hospitality Funding | July 20, 2017

Palm Beach, FL — Hospitality Funding, Inc. arranged a construction loan for the development of a new Cambria hotel & suites in Napa, 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 ground up development expected to open in 2019. When assessing the transaction, Hospitality Funding considered the following: The four-story, 90-room Cambria property will be located at 320 Soscol Avenue and the main thoroughfare into downtown Napa, the Silverado Trail and Napa Valley. The Cambria Hotel Napa is in ...

Hospitality Funding Arranges $12.6 Million Acquisition Loan for Plantation, Florida Hotel

Hospitality Funding | November 20, 2016

Palm Beach, Fla. – Hospitality Funding, a Palm Beach-based boutique financial advisory firm, has facilitated a 10-year, $12.6 million loan for the owner of the Holiday Inn Express in Plantation, Fla. The fixed-rate loan is secured by the 156-room hotel at 1701 N University Drive. An affiliate of Waramaug Hospitality is the owner of the hotel. Waramaug is a privately held investment group that focuses on acquiring legacy branded assets throughout the United States. Hospitality Funding Chairman Scott Silver stated, "While the markets have been changing over the last few months, Hospitality Funding was still able to executive an attr...

Refinancing Best Practices: Preparing for the Upcoming $200 billion of CMBS Loan Maturities

Steven Fischler | May 3, 2016

by Steven Fischler With $200 Billion of upcoming CMBS loan maturities in 2016 and 2017, borrowers with maturing loans should be preparing to get the best possible refinance loan. Engage an expert. Debt advisors and brokers know the capital markets, the various types of lenders and are in touch with them on a daily basis. Take advantage of their knowledge, contacts and expertise. A fully marketed loan creates competition amongst lenders. In the end the enhanced loan terms will more than offset the fee. Prepare a loan request package. Don't just send a bunch of financial and STR reports to a lender. Prepare a formal package (or have ...

Hospitality Funding Inc. Arranges $20 Million Loan for the Acquisition of the Burr Ridge Marriott Hotel

Hospitality Funding Inc. | February 25, 2016

Firm secures attractive financing terms on 5-year mortgage New York, NY and Palm Beach, FL – (Feb. 25, 2016) — Hospitality Funding Inc., a Palm Beach-based boutique financial advisory firm, has facilitated a 5-year, $20.00 million loan for the acquisition of the Marriott Burr Ridge in Burr Ridge, Illinois. The fixed-rate loan is secured by the 184-room hotel with over 10,000 square feet of meeting space at 1200 Burr Ridge Parkway. The equity was capitalized with an overseas investor and Interstate Hotels & Resorts will manage the hotel. The Burr Ridge transaction is the first closing since Hospitality Funding formed a s...

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