HFF Secures Financing for Florida Beach Hotel

The 123-key Days Inn Hotel will feature upon renovations two outdoor pools, upgraded landscaping, fitness and business center, as well as seven additional guest rooms.

HFF secured a non-recourse financing in the total amount of $12.6 million, for the acquisition and repositioning of the Days Inn Hotel, a 123-key beachside hotel located in Pensacola Beach, Fla. The borrower is a joint venture between RREAF Holdings and Innisfree Hotels.

Director Jeff Bucaro and Associate Nicole Schmidt led the HFF debt placement team in placing the non-recourse floating-rate loan through Benefit Street Partners Realty Trust, the transaction representing the 10th financing completed by Bucaro on behalf of the borrowers…

HFF Secures Financing for Florida Beach Hotel

Categories : Finance

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