$13MM Financing for Limited Service Hotel Acquisition in Seattle Area
- Loan Amount
- $13,000,000
- Property Type
- Hotel
- Area
- Seattle, Washington
- Purpose
- Acquisition
First Financial Capital is pleased to announce the successful closing of a $13 million financing package for the acquisition of a limited service hotel in the vibrant Seattle, Washington market. The buyer, a seasoned hospitality investor and operator, plans to implement a comprehensive renovation and improvement program to enhance the property's value and guest experience, followed by reflagging the hotel under a major hospitality brand.
The First Financial Capital team worked closely with the buyer to structure a tailored financing solution that supports their acquisition and improvement plans, enabling them to unlock the property's full value.