Hospitality Funding Advises Acquisition of Springhill Suites in Tallahassee, FL
Palm Beach, FL — Hospitality Funding, Inc. arranged funding for the acquisition of the Springhill Suites in Tallahassee, FL. Waramaug LS Hotels LLC added the property to their portfolio.
The property was attractive due to its location near the state Capital, Florida State University, Florida A&M, and local museums. The 4 floor, 88 suites property features a 24-hour business center, a 24-hour fitness center, an outdoor pool with grilling area, and an onsite meeting space. The SpringHill Suites Tallahassee Central was also a recipient of the 2018 TripAdvisor Certificate of Excellence and was a designee for the FL Green Lodging Program.
“This is an ideal acquisition based on Waramaug’s investment criteria,” said Scott Silver, Chairman, Hospitality Funding. “It’s conveniently located in the heart of Florida’s capital city, is known for its operational excellence, and is ahead of the curve in green lodging. We are delighted 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.