Hospitality Funding Closes Second Construction Loan for Choice Hotels at $10.8M

Hospitality Funding, Inc., a Palm Beach-based boutique financial advisory firm, has closed a $10.8M construction loan for Everhome Suites of Choice Hotels in Amarillo, TX.

Considered the jewel of the Texas Panhandle, Amarillo is a top destination on the infamous Route 66 in Texas. Where rugged cowboy culture meets big-city sophistication, the Everhome Suites is located right in the middle of it all.

The 114 key property is one of 75+ new assets being built Nationwide. Everhome is one of the fastest growing and most sought-after brands, focusing on the midscale extended stay market. “We are happy to be executing our second closing for Choice Hotels and Everhome Suites. We look forward to working on more opportunities together” says Scott Silver, CEO of Hospitality Funding, Inc.

Everhome Suites Extended Stay is offering a fresh take on New Construction Midscale Extended Stay, providing familiar conveniences like fully equipped kitchens, 24-hour on-site laundry facilities, modern fitness centers with Peleton bikes, and access to snacks at their 24-hour Homebase Market. Their spacious and flexible design allows for customization within the one-bedroom suite, creating well-defined areas for both working and unwinding.