Hospitality Funding Advises Acquisition of a Residence Inn in Port St. Lucie, FL
Palm Beach, FL — Hospitality Funding, Inc. arranged funding for the acquisition of the Residence Inn in Port St. Lucie, FL. Waramaug LS Hotels LLC added the property to their portfolio.
The property was intriguing due to its proximity to the PGA Golf Club, First Data Field, and Historic Dodgertown and location within walking distance of multiple restaurants. Each studio and one-bedroom suite features a full kitchen, a living area with a sleeper sofa, and a dinette with a work space featuring a desk and an ergonomic chair. Additional amenities include complimentary hotel-wide WiFi, a 24-hour business center, a 24-hour fitness center, an outdoor swimming pool, patio area, and putting green.
“This is a shrewd add to Waramaug’s portfolio,” said Scott Silver, Chairman, Hospitality Funding. “Not only is it a sought out destination, but the property itself offers a long list of amenities for business and leisure travelers. We couldn’t be happier 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 firstname.lastname@example.org.