Hospitality Funding Arranges $145M Loan for Acquisition of $215.5M 45 Hotel Portfolio

Palm Beach, FL, December 3rd, 2019 – Hospitality Funding, Inc, a financial advisory firm focused on raising equity, mezzanine, and debt financing for all types of hospitality assets, announced today that they arranged a $145.00 million acquisition loan for an affiliate of VCM Ltd to purchase 45 hotel properties from American Hotel Income Properties REIT LP (AHIP).

“We were very pleased to work with VCM LTD on a very complex and unique transaction,” said Scott Silver, Chairman of Hospitality Funding. 

Steven Fischler, President of Hospitality Funding, added, “We faced several challenges during the financing process but were ultimately able to provide a successful execution for the acquisition.” 

AHIP plans to use the net proceeds from the sale, after repayment of property mortgages and transaction closing costs, to acquire additional Premium Branded hotels that are better suited to its long-term strategy, and for general corporate purposes. VCM, Ltd will be conducting an extensive property improvement program on the hotels to continue their valuable service to the rail crew customer.  

About Hospitality Funding Inc

Hospitality Funding is a boutique financial advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Founded in 2006, Hospitality Funding works with superior owners to find capital solutions that fit their specific goals for property acquisition and development. For more information, please visit www.hospitalityfunding.com.

About Vukota Capital

Vukota is a vertically integrated investment platform focused on lodging, multi-family, and medical office assets in the United States.  For more information, please visit www.vukotacapital.com.