Hospitality Funding, Inc Successfully Closes $13 Million Refinance for Upper Scale Select Service Hotel in Orlando Florida.
Orlando, FL — Hospitality Funding, Inc is pleased to announce the successful closing of a $13 million refinance for an upper scale select-service hotel located in Orlando, Florida. The transaction was completed with a five-year fixed interest rate of 6.5% for the 108-room property.
Orlando, often celebrated as a beacon of American tourism, stands as the most-visited destination in the United States. With an annual influx of over 70 million visitors, Orlando's tourism market represents a golden opportunity for the hotel industry. The city's unparalleled appeal is bolstered by its upcoming milestone—the eagerly anticipated opening of the Brightline high-speed rail service in 2023, which will significantly enhance accessibility from South Florida.
Hospitality Funding, Inc's successful completion of the $13 million refinance underscores our commitment to supporting and fueling the growth of the hospitality industry in key markets. We are pleased to have played a part in this strategic financing, which will undoubtedly contribute to the continued success of our client in this dynamic and exciting destination.
About Hospitality Funding, Inc
Hospitality Funding, Inc. is a boutique investment advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Hospitality Funding works with superior sponsors to find capital solutions that fit their specific goals for property acquisitions. For more information, please visit www.hospitalityfunding.com.