Spandrel Development Partners Secures $32.36M Construction Loan For AC Marriott Huntsville Hotel

The AC Marriott Huntsville Research Park is located on Research Park Boulevard in the Bridge Street Town Centre of Huntsville, AL. This hotel features 154 keys and is involved in a construction financing deal amounting to $32,360,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,360,000
• Lender: Jared Schlosser - Peachtree Group
• Sponsor: Ian Levine, Emanuel Neuman & Ben Scharf - Spandrel Development Partners
• Landlord's Representative: Max Hulsh, Max Herzog, Steven Buchwald & Michael Samuelian - Institutional Property Advisors
• Loan Type: Construction

The transaction outlines key roles, with Jared Schlosser acting as the lender through Peachtree Group. The sponsorship is handled by Ian Levine, Emanuel Neuman, and Ben Scharf from Spandrel Development Partners. Institutional Property Advisors is represented by Max Hulsh, Max Herzog, Steven Buchwald, and Michael Samuelian in relation to the landlord's interests.