Hotel Capital fully underwrote the complex transaction and funded in 10 days.
Hotel Capital funded the remaining construction amount necessary to open the hotel after the borrower's lender cut off construction financing near the very end of the project.
Hotel Capital exclusively arranged the new senior debt and funded common and preferred equity to successfully close the transaction.
Hotel Capital acquired the non-performing first mortgage note from C-III on a 184 room former DoubleTree by Hilton. The independent hotel was being run by a court appointed Receiver and was losing money.
Hotel Capital exclusively arranged the new senior debt and funded preferred and common equity to successfully close the complex transaction.
Hotel Capital arranged the new senior debt and funded preferred equity with Sun Development to successfully acquire the Calypso Cay Suites hotel in Orlando, FL.