MetLife Investment Management Provides $16.85M Loan For Acquisition Of Aloft Phoenix-Airport Hotel

The Aloft Phoenix-Airport Hotel, a 143-room property located at 4450 East Washington Street in Phoenix, AZ, has been acquired with the support of a $16.85 million loan provided by MetLife Investment Management. The loan will be used for the acquisition of the hotel, offering financial assistance to the buyer, RADCO Cos.

Summary of Transaction Details

• Property Type: Hotel
• Transaction Amount: $16,850,000
• Address: 4450 East Washington Street, Phoenix, AZ
• Market: Phoenix, AZ
• Lender: MetLife Investment Management
• Landlord: RADCO Cos

MetLife Investment Management has provided a loan of $16.85 million to facilitate the purchase of the Aloft Phoenix-Airport Hotel. The financing agreement supports the acquisition of the 143-room property, demonstrating MetLife's confidence in the investment potential of the hotel.