hotel loans

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hotel loans

Spirides Arranges $8.7 Million Hotel Development Loan for New Holiday Inn in Downtown Columbia, SC

Spirides Hospitality Finance Company | January 9, 2019

TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged, and its client has closed an $8.7 million building conversion and term, first priority conventional loan from a Southeast U.S. headquartered bank to finance the development of a new Holiday Inn in Downtown Columbia, South Carolina. This new 90 guest room, 10-story, full-service Holiday Inn is being developed by converting an existing 1950s era office building into a unique, first class hotel. The building is located at 1233 Washington Street in the heart of Downtown Columbia, Richland County, SC. Hotel amenities will include the Holiday Inn Gen 4 design pack...

Spirides Arranges $2.33 Million Hotel Debt Refinancing for Hampton Inn Laurinburg, NC

Spirides Hospitality Finance Company, LLC | September 4, 2018

TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged, and its client has closed on a $2.33 million debt refinancing with a permanent loan from a southeast U.S. headquartered lender to refinance existing debt for the Hampton Inn by Hilton in Laurinburg, North Carolina. Hampton Inn Laurinburg, NC features 50 guest rooms with an interior corridor in one 3-story building and is situated on 6 acres of land. The hotel is located just off of Interstate 74 at 115 Hampton Circle, Laurinburg, Scotland County, North Carolina. It is located one mile from St. Andrews College and is near the Scottish Heritage Center. Scottis...

Three Secrets Your CMBS Banker Does Not Want You to Know

Brian Holstein | March 28, 2016

By Brian Holstein Navigating the CMBS market can be a confusing and challenging process. Here are three CMBS secrets that will strengthen your negotiating position and ensure that you leave nothing on the table. #1 – EVERYTHING is Negotiable! Remember, this is not a car loan, or even a home loan for that matter. If your attorney or broker does not have at least 30-50 individual comments to a loan agreement (not including the swapping of "sole and absolute" for "reasonable"), you are leaving money and excess risk on the table. Just like the legal system, the key to a well negotiated loan agreement is "precedent." If it's been done...

RobertDouglas Advises Clarion Partners on the $670 million Refinancing of a 65-hotel Portfolio

RobertDouglas | April 1, 2015

San Francisco, CA – April 2, 2015 – RobertDouglas announced today that it advised Clarion Partners on the refinancing of the 65-property CBM Two Hotels LP Portfolio. Bolstered by robust in-place cash flows, strong geographic diversification, and institutional Sponsorship, the Portfolio attracted strong interest from a wide array of lenders. The $670 million five year, fixed-rate mortgage financing was provided by Deutsche Bank who is expected to securitize the loan in a single-borrower deal later this year. The Portfolio is comprised of 65 Courtyard by Marriott hotels totaling 9,590 keys and located in 29 states and 46 metropolitan ...

Cornell Study Highlights Drivers of Risk Premium Paid for Hotel Loans

The Center for Hospitality Research | March 26, 2015

Ithaca, NY, March 26, 2015 - A new report from the Center for Hospitality Research (CHR) highlights the factors that drive the interest-rate spread between loans for hotels and office buildings. That interest-rate spread, in which hotel loans become more or less expensive than loans for office buildings, is a predictor of the relative delinquency of the hotel loans. The factors that cause those interest rate differentials are important, because they help forecast the fate of the hotel finance market. The report, "Looking Under the Hood: The Catalysts of Hotel Credit Spreads," by Jan A. deRoos, Crocker H. Liu, and Andrey D. Ukhov, is ava...

Mortgage Prepayment Penalties – To Prepay or Not to Prepay, That is the Question

Brian Holstein | December 8, 2014

by Brian Holstein, US Hotel Advisors Are you, like most of the hotel world, evaluating an exciting amount of potential acquisitions, new developments and property renovations? Are you nervous about the $350 billion of CMBS loan maturities looming over the next three years? You're probably in awe of how low interest rates have remained and how loose the loan markets have been, especially given where we came from a few years ago. Perhaps you are eager to capture trapped equity behind a mortgage you put in place on a steal of an acquisition during the downturn. Whatever makes you excited…or anxious about the next few years, you&...

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