$25.4M in Financing Secured for the Courtyard through Marriott in Cotton Heights, Utah

Date:






  • Courtyard through Marriott in Cotton Heights, Utah   

JLL Capital Marketplace represented an associate of Huntington Lodge Team within the refinancing of the 149-key Utah resort

JLL Capital Markets introduced these days that it organized $25.4 million in financing for 149-key Courtyard through Marriott in Cotton Heights, Utah.

JLL labored on behalf of the borrower, an associate of Huntington Lodge Team, and secured a floating-rate, interest-only mortgage from NYL Traders with time period of as much as 4 years inclusive of extension choice. Mortgage proceeds have been applied to pay off current financial institution mortgage along with offering really extensive cash-out, which used to be used against partnership buyout.

The resort is situated at 7341 Canyon Centre Pkwy., simply 20 mins from Downtown Salt Lake Town. Its handy location on the base of the Wasatch Mountains provides unprecedented connectivity to the realm’s prime focus of company and recreational call for turbines, together with world-class ski hotels.

Courtyard Salt Lake Town Cottonwood options top class facilities together with a state of the art gymnasium, out of doors heated pool with spa, assembly and match area, onsite eating, rooftop terrace and industry middle. The valuables opened its doorways in 2021 and briefly ramped up regardless of the demanding situations the hospitality trade confronted all through the Covid-19 pandemic.  

The JLL Capital Markets Debt Advisory group used to be led through Senior Managing Director Tim Wright, Director Olga Walsh and Analyst Jack Wooden.



Source_link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

10 Maximum Well-liked Timothée Chalamet Films

Someday Timothée Chalamet had small-ish roles in initiatives...

154: 8-step procedure to entire well being with Udo Erasmus

Hello pals! I’m so excited to welcome Udo...

11 Helpful (& A laugh) Abilities To Be told On-line This 12 months

I’ve talked earlier than about putting in new...