HREC arranges financing for Brooklyn Comfort Inn

NY507A1

HREC Investment Advisors is pleased to announce it has arranged a $7.1 million senior loan for the acquisition of the 81-room Comfort Inn Red Hook located in Brooklyn, New York. The loan was provided by a private Bridge Lender.

Geoff Davis, President & Senior Principal in the New York office, and Mike Armstrong, Principal in the San Diego office, exclusively represented the Investment Group who purchased the hotel.

The Comfort Inn is in close proximity to Downtown Manhattan and Downtown Brooklyn and attracts both business and leisure travel. Located only one block from the Brooklyn Cruise Terminal and Battery Tunnel, the hotel is situated in a prime location.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Suggested Articles

Two conferences traditionally held in the first half of each year are rescheduling for the second half.

Brands have opened new properties in Illinois, Ohio and New York City.

A new entity will combine a number of brands, including Hoxton, Gleneagles, Delano, SLS, Mondrian, SO/, Hyde, Mama Shelter, 25h and 21c Museum Hotels.