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News Stories (16 Results) - Hospitality

Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Lodging Opportunity Fund REIT to refinance the Delta by... Read Story

November 18, 2020, 09:05 AM

Peak Resorts, Inc., together with its subsidiaries Hidden Valley Golf and Ski, Inc., Paoli Peaks, Inc., Snow Creek, Inc., LBO Holding, Inc. and SNH Development, Inc., as borrowers, renewed the Restated Credit Facility, Loan and Security Agreement... Read Story

December 28, 2018, 07:00 AM

Capitala Group, a provider of capital to lower and traditional middle market companies, announced that it recently invested a combination of senior secured debt and equity totaling $15.5 million in US Bath Group, LLC, a leading supplier of custom... Read Story

January 31, 2018, 07:00 AM

GE Capital, Canada announced it has provided an $11 million term loan to AP2 Developments, the owner of the Holiday Inn at the Winnipeg Airport. The majority of the funds will to be used to refinance existing debt; the remainder will be used for... Read Story

July 07, 2015, 07:05 AM

GE Capital’s Franchise Finance (GEFF) business announced that it has provided a $45 million term loan to Bennett Hospitality. The funds will be used to refinance two hotels, an Embassy Suites and a Hampton Inn, and a parking garage, located in the... Read Story

October 21, 2014, 07:45 AM

Extended Stay America, Inc. announced that its subsidiary, ESH Hospitality, Inc., priced a $375 million Senior Secured Term Loan (the “Term Loan”) at LIBOR plus 4.25%, with a minimum LIBOR of 0.75%, with a five year term, and offered at 99.5. The... Read Story

June 09, 2014, 07:31 AM

Diamond Resorts International, Inc. announced the closing of its previously announced $470 million senior secured credit facility with Credit Suisse AG, as administrative agent and collateral agent, which includes a $445 million term loan issued with... Read Story

May 12, 2014, 07:48 AM

Orient-Express Hotels Ltd. announced the completion of a $657.0 million senior secured credit facility, consisting of a $552.0 million seven-year term loan (“Term Loan B”) and a $105.0 million five-year, multi-currency revolving credit facility. The... Read Story

March 24, 2014, 07:51 AM

GE Capital’s Franchise Finance business announced it provided a $31.6 million term loan to NewcrestImage, LLC, to replace the short-term financing used for the construction of a dual-branded Marriott hotel property.NewcrestImage, a hotel management... Read Story

January 21, 2014, 08:05 AM

GE Capital, Canada's Franchise Finance business announced today that it has provided $14.5 million to Temple Hotels Inc. to support the acquisition of a Holiday Inn Express in Ottawa West, Ontario. The six-story, limited-service property, which has... Read Story

October 24, 2013, 07:43 AM

The Mohegan Tribal Gaming Authority, or the Authority, the owner and operator of Mohegan Sun in Uncasville, CT, and Mohegan Sun at Pocono Downs in Wilkes-Barre, PA, announced that it has engaged RBS Securities Inc., Merrill Lynch, Pierce, Fenner &... Read Story

October 18, 2013, 07:10 AM

CityCenter Holdings, LLC announced it has closed its previously announced $1.775 billion senior secured credit facilities. The new senior secured credit facilities are comprised of a $75 million revolving facility which matures in October 2018 as... Read Story

October 17, 2013, 07:36 AM

GE Capital’s Franchise Finance business announced today that it has loaned $9.325 million to Vision Hospitality Group, Inc., a hotel management and development company based in Chattanooga, TN. The funds will be used to refinance outstanding debt on... Read Story

September 04, 2013, 08:19 AM

PwC US anticipates that positive momentum in travel activity will continue to boost revenue per available room (“RevPAR”) in 2013, despite the recent sluggish pace of economic recovery. An updated lodging forecast released today by PwC US shows... Read Story

August 29, 2013, 07:51 AM

Pinnacle Entertainment, Inc. announced it intends to commence a financing transaction and that it is in the process of seeking commitments for a $1.6 billion term loan and a $1.0 billion revolving credit facility.The revolving credit facility is... Read Story

July 15, 2013, 07:53 AM

Red Lion Hotels Corporation announced the company has completed the expansion of its credit facility agreement with Wells Fargo Bank.Under the secured facility, Red Lion Hotels obtained $45 million in a term loan with a 15-year amortization maturing... Read Story

June 21, 2013, 07:13 AM