Black Bear Capital Partners Arranges $7.8M Refinance Loan For Tucson Sheraton Hotel

The full-service Sheraton Tucson Hotel & Suites, located at 5151 E Grant Road in Tucson, AZ, has been refinanced. The hotel features 216-keys and was refinanced through a 5-year loan at a fixed rate of 6.75%. The loan amount for the refinancing was $7,762,000. There is no prepayment penalty associated with this loan.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $7,762,000
• Address: 5151 E Grant Road, Tucson, AZ
• Market: Tucson, AZ
• Asset Type: Hotel
• Keys: 216

The refinancing of the Sheraton Tucson Hotel & Suites was facilitated by Suraj Desai from Black Bear Capital Partners. As the broker representing the transaction, Suraj Desai played a key role in ensuring the successful completion of the refinancing deal.