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December 28, 2023

Deal Closed! ~$14.1m Towards The Acquisition of a Courtyard-Flagged Hotel in Portland, OR.

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Stabilis is pleased to announce the closing of a ~$14,100,000 senior secured bridge loan for the acquisition of a Courtyard-flagged hotel in Portland, Oregon.

The borrower faced a tight closing timeline and Stabilis funded in 3 weeks. The property is significantly outperforming its competitive set in terms of occupancy, RevPAR, and ADR. The hotel is well-located, near the Portland International Airport, and has strong year-round demand drivers.

Contact: Juan Robayo, 212-256-8968, juanrobayo@stabiliscap.com


$2M - $75M
Loan Amount


SOFR + 5.49%
Starting Rate


12-24 Months
Duration


1st Position
Senior Secured


Loan Buyer
Performing/Sub-performing