LODGING Staff

🏨 Portman, in 2025, executed over $680 million in hospitality financing, including a $237.5 million refinancing of Hyatt Regency Salt Lake City. The financing strategy included a SASB CMBS loan while retaining an existing CPACE loan. Last summer, Portman acquired the 456-room Westin Cincinnati. Their portfolio spans seven hotels across five markets, with over 3,000 rooms and $1 billion in assets. Portman aims to expand strategically amid increasing consumer spending and demand in the hotel industry.

💸 Cronheim Hotel Capital secured a $13.2M loan for the Comfort Suites and Fairfield Inn & Suites in Woodbridge, NJ. The five-year fixed-rate loan, in the low-6% range, includes 18 months interest-only. Located less than 20 minutes from Newark Airport and 40 minutes from NYC, the area hosts companies like Amazon and Merck. The loan supports converting Comfort Suites to TownePlace Suites and a Property Improvement Plan for Fairfield Inn, balancing construction risk and long-term value.

🏨 ATLANTA, Georgia—In 2025, Access Point Financial (APF) closed and invested about $1.6 billion in hotel financings, covering 49 hotel assets, including select-service, extended-stay, and luxury properties. The smallest financing was a $7.1 million SpringHill Suites in Ohio, while the largest was a $195 million refinance of the Beekman Thompson in New York. APF’s portfolio spans 38 states, with hotels primarily affiliated with Marriott, Hilton, IHG, and Hyatt. APF remains a key capital partner for hospitality.

🏠 RobertDouglas facilitated the sale of Hyatt Place Page in Page, Arizona, for $24.25 million, translating to $238,000 per room. Acquired by a Salt Lake City owner/operator, this 102-key hotel was constructed in 2018, surpassing Hyatt's standards. Managed by Crescent Hotels & Resorts, the property features a restaurant, adventure concierge, and art installations. It serves as a prime lodging option near the Grand Canyon, attracting over 5 million visitors annually.