JLL’s Hotels & Hospitality Group Arranges Financing for Graduate Auburn Development
CHICAGO—JLL’s Hotels & Hospitality Group has arranged $40 million in construction financing for the development of Graduate Auburn, a 177-key hotel in Auburn, Alabama. JLL worked on behalf of the sponsor, Adventurous Journeys Capital Partners (AJ Capital), in securing the five-year, floating-rate loan with Southern States Bank. Upon completion, the hotel will offer a mix of traditional guestrooms and suites, approximately 10,000 square feet of meeting and event space, and two food and beverage outlets, […]
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