Spandrel Development Partners Secures $32.36M Construction Loan For AC Marriott Huntsville Hotel
Research Park Boulevard
$32,360,000
Building Size
—
Asset Type
Hotel
Closing
May 4, 2026
About this deal
AI
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.
On the Map
$32,360,000
Hotel
View full map
Players
Huntsville Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse Huntsville hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93