Hospitality Funding Advises Acquisition of Hotel Shocard in NYC
Palm Beach, FL — Hospitality Funding, Inc. arranged the debt financing for the acquisition of the Hotel Shocard in New York City, New York. Waramaug LS Hotels LLC added the property to their portfolio.
The property was compelling due to its location in the heart of Times Square. It’s steps away from prime shopping and recreational destinations, Bryant Park, the Port Authority, and Penn Station. All 47 rooms offer free WiFi, flat-screen TVs with cable, rainfall shower heads, and coffee makers. The hotel’s amenities also include a restaurant, a bar/lounge, and an available meeting room.
Of the company’s recent success, Hospitality Funding’s Chairman Scott Silver said, “This is an excellent add to Waramaug’s portfolio. Not only is it located in the heart of New York City, but it also offers ideal amenities for business and leisure travelers alike. We are thrilled to have facilitated this transaction with Waramaug.”
About Hospitality Funding
Hospitality Funding, Inc. 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 sponsors to find capital solutions that fit their specific goals for property acquisitions. For more information, please visit www.hospitalityfunding.com.
About Waramaug LS Hotels
Waramaug Hospitality, based in Boca Raton, FL is a privately-held hotel investment manager. Waramaug Hospitality’s portfolio comprises 42 hotels totaling 5,061 rooms. Waramaug focuses on acquiring legacy-branded hospitality assets throughout the United States. For more information, contact Craig Nussbaum at email@example.com.