NEW YORK CITY—JLL’s Hotels & Hospitality Group announced that it has arranged $167.7 million in refinancing for a 15-property WoodSpring Suites portfolio totaling 1,829 keys across Michigan, Tennessee, North Carolina, and Florida. The newly constructed extended-stay properties have all opened within the past two to five years. JLL worked on behalf of the borrower, a partnership between Whitman Peterson and affiliates of Concord Hospitality Enterprises Company, to secure a floating-rate, five-year loan through CIM Group. […]

The post JLL Arranges Refinancing for WoodSpring Suites Portfolio appeared first on LODGING Magazine.

This post was originally published on this site