Cronheim Hotel Capital Secures Loan for Construction of Condo-Hotel at Penn State University
Cronheim Hotel Capital (CHC) has secured $40MM+ for the construction of Nittany Residence Club, a 70-unit, luxury condominium-hotel with ground-floor retail on the doorstep of Penn State’s main campus. The nonrecourse construction loan was placed with a national private lender. This marks the first condominium-hotel to enter the submarket and the only of its kind in the borough of State College to allow unit owners to participate in an on-site hotel management program to generate […]
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This Week’s Comings & Goings
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