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Essex Capital Arranges $19.4MM Acquisition Debt for Hilton Garden Inn Hotel in Florida

March 30, 2023, 07:10 AM
Filed Under: Real Estate

Essex Capital Group arranged a $19,400,000 debt facility to fund the acquisition and renovation of an existing Hilton Garden Inn hotel located in central Florida.

The debt financing was a part of an overall $27.0 million acquisition and renovation of the hotel.   

Rob Swain, Essex President said, “Essex was approached by a highly experienced hotel ownership team with a contract to buy a profitable Hilton property that was in need of updating. We were pleased to be able to execute a debt financing solution for the principals, especially considering the currently stressed banking environment.”

Essex Capital acted as the exclusive financial advisor for this transaction.

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