JLL Capital Markets Arranges Financing for Courtyard in Utah
SAN DIEGO, California—JLL Capital Markets announced that it arranged $25.4 million in financing for 149-key Courtyard by Marriott in Cotton Heights, Utah. JLL worked on behalf of the borrower, an affiliate of Huntington Hotel Group, and secured a floating-rate, interest-only loan from NYL Investors with a term of up to four years inclusive of an extension option. Loan proceeds were used to repay existing bank loans in addition to providing substantial cash-out, which was used […]
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