December 28, 2023
Deal Closed! ~$14.1m Towards The Acquisition of a Courtyard-Flagged Hotel in Portland, OR.
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