Seven Hills Realty Trust Recapitalizes Home2 Suites By Hilton Hotel In Scottsdale With $17.3M Loan

Seven Hills Realty Trust (SEVN) has completed a $17.3 million first mortgage floating rate bridge loan to recapitalize a recently constructed 130-room Home2 Suites by Hilton Hotel in Scottsdale, Arizona. The property is located at 20001 North Scottsdale Road and is part of the hotel asset type. The loan amount of $17.3 million was provided for the recapitalization of the hotel, which is owned by Tom Lorenzini through Seven Hills Realty Trust. The loan terms include a three-year initial term with the option for two one-year extensions.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $17,300,000
• Address: 20001 North Scottsdale Road
• Market: Scottsdale, AZ
• Asset Type: Hotel
• Keys: 130

The loan was provided by Seven Hills Realty Trust to recapitalize the recently constructed Home2 Suites by Hilton Hotel. The landlord, Tom Lorenzini, through Seven Hills Realty Trust, secured the loan amount of $17.3 million. The loan terms include a three-year initial term with the option for two one-year extensions. This financing arrangement allows for the continued operation and development of the hotel property in Scottsdale, Arizona.