Sotherly Hotels Inc. (NASDAQ: SOHO) today announced that the Company has executed a $35.0 million secured loan with Citi Real Estate Funding Inc., collateralized by a first mortgage on Hotel Alba, Tapestry Collection by Hilton located in Tampa, Florida.
CIM Group announced today that its CIM Real Estate Debt Solutions business closed on behalf of a CIM managed fund a $34.97 million senior loan to a joint venture between Monarch Alternative Capital and HHM Hotels secured by the dual-branded Aloft/Element hotel in Orlando and a $28.9 million whole loan to Newbond Holdings secured by the Aloft in Tampa.
Pebblebrook Hotel Trust (NYSE: PEB) today announced that on September 7, 2023, it successfully refinanced its mortgage loan on the 369-room Margaritaville Hollywood Beach Resort in Hollywood, Florida.
PMZ Realty Capital LLC announced today the arrangement of a $27M acquisition loan for the Holiday Inn Express & Suites Jacksonville Southeast Medical Center Area, Jacksonville, Florida, and the Hampton Inn Jacksonville Ponte Vedra Beach Mayo Clinic Area, Jacksonville Beach, Florida.
JLL Capital Markets arranged financing for the 266-key hotel in Florida
Marcus & Millichap Capital Corporation (MMCC) arranged a $19,235,000 loan for the construction of the EVEN Hotel Doral, located at 10770 NW 25th St. in Doral, Florida.