Keyword: Aries Conlon Capital
The loans are for the refinancing of the Candlewood Suites Boise-Meridian in Boise, Idaho, and the Country Inn & Suites by Radisson in Buford, Ga.
The hotel is close to the corporate headquarters for NASCAR, the International Motor Sport Association and the International Speedway Corporation.
The loans were arranged on behalf of two separate borrowers, and are for two Best Western Plus hotels in Washington and California.
The properties consist of a Hampton Inn in Kingsland, Ga.; a Quality Inn in Biloxi, Miss.; and a Ramada Inn in Portland, Ore.
CMBS loans are often retraded. Here’s how you can avoid the practice for a smooth loan deal.
The 24-month, interest-only loan was arranged on behalf of borrower Vega Hospitality Group, and includes a 63 percent loan-to-value ratio.
Despite often having higher interest rates, these loans offer hoteliers a number of advantages over paying out of pocket.
The loan was closed on behalf of Inner Circle Investments, one of Carlson Rezidor Hotel Group's largest franchisees.