Access Point Financial (APF) today announced that the company has provided a $29.25 million bridge loan to American Hotel Income Properties (AHIP), a publicly traded REIT based in Vancouver, Canada. The financing is backed by the 113-room Courtyard by Marriott Wall at Monmouth Shores Corporate Park in N.J., as well as the 81-room Courtyard by Marriott Tampa North/I-75 Fletcher and 80-room Fairfield Inn & Suites Orlando Ocoee, both in Fla.
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Access Point Financial provided a $29.25 million bridge loan to American Hotel Income Properties, backed by three hotels, including the 80-room Fairfield Inn & Suites Orlando Ocoee in Fla. (pictured).
“This marks our second transaction with AHIP in recent years, a testament to the relationships APF prides itself on establishing and maintaining,” said Nicholas L. Meli, managing director, APF. “We continue to seek best-in-class sponsors looking to expand and/or reinvigorate their portfolios. We remain well-capitalized with deep expertise in the hospitality industry.
“The three hotels are flagged by Marriott under long-term franchise license agreements. These are well-performing hotels that benefit from strong locations and multiple demand generators,” Meli continued. “The flexible financing will benefit ownership, offering hold/sell optionality.”
About Access Point:
Founded in 2011, Atlanta-based Access Point Financial (APF) is a multi-billion dollar real estate private credit firm focused on the hospitality industry, offering bespoke investment and direct financing solutions (senior debt, construction debt, mezzanine and preferred equity) to qualified hotel owners and franchisees of all major hospitality brands and independent boutique hotels throughout the United States. For additional information and key contacts, please visit www.accesspointfinancial.com
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