4.9MM Refinanced for The Courtyard by Marriott Lafayette
Palm Beach, FL — Hospitality Funding closed a loan for the refinance of the Courtyard by Marriott near the Lafayette Regional Airport in Lafayette, LA. The 4.9MM loan was arranged by Hospitality Funding sub 3%. Chairman Scott Silver led the transaction.
Located just one mile from Lafayette Airport (LFT) and close to area businesses, restaurants, and the Cajundome, The Courtyard by Marriott Lafayette offers ideal accommodations for business or leisure travel.
The hotel is also conveniently located near the University of Louisiana Lafayette and the Heymann Convention Center. Nearby shopping includes the Mall of Acadiana and Oil Center Shopping Village.
The 90-room property features free Wi-Fi, 32 inch flat panel TV, mini-fridge, microwave, luxury bedding, and a new lobby.
About Hospitality Funding: Hospitality Funding is a boutique investment advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Hospitality Funding works with superior owners to find capital solutions that fit their specific goal for property acquisition, development and refinance. For more information, please visit www.hospitalityfunding.com.
About Waramaug Hospitality Canada LLC: Waramaug Hospitality Canada LLC is a joint venture between the founding principal of Waramaug Hospitality and Hospitality Funding focused on growing brands throughout Canada. The company utilizes their wealth of industry knowledge and key leaders to create a track record of successfully expanding into new territories as well as repositioning and renovating assets to reach their full potential and become market leaders.