March 9, 2013
Premier Capital Associates, LLC has arranged a $30,000,000 recapitalization of a Marriott Hotel portfolio in Texas.
The recapitalization allowed the hotelier to access equity trapped in the portfolio which allows for greater operational flexibility across the portfolio. The hotel owner was able to take advantage of the current low interest rates available for financing. Specific terms and conditions are not disclosed.
Premier Capital Associates is a full-service, national real estate investment banking company specializing in debt finance for hospitality and other income producing commercial real estate. Jeff McKee and Greg Morris bring over 40 years of commercial real estate finance experience to work for you.