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5401 N Scottsdale Rd Scotts...

Updated Mar 18, 2025

Global Hospitality Investment Group Secures $88M Loan From Acore Capital For Scottsdale Hotel Renovation
FINANCEDHotel

Global Hospitality Investment Group Secures $88M Loan From Acore Capital For Scottsdale Hotel Renovation

5401 N Scottsdale Rd Scottsdale, AZ 85250, USA

$88,000,000

Building Size

—

Asset Type

Hotel

Closing

Aug 1, 2023

About this deal

AI

Global Hospitality Investment Group (GHIG) has secured $88 million in acquisition financing from Acore Capital for the purchase and renovation of the DoubleTree Resort Scottsdale Paradise Valley in Arizona. The hotel property is located at 5401 North Scottsdale Road in the city of Scottsdale, within the Scottsdale market. This financing deal will support GHIG's plans to acquire and upgrade the hotel.

Summary of Transaction Details

Acore Capital has provided the financing for GHIG's acquisition of the DoubleTree Resort Scottsdale Paradise Valley. Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Tyler Dumon from Newmark acted as the brokers in this deal. The loan amount of $88 million will enable GHIG to proceed with the purchase and subsequent renovation of the hotel property, enhancing its value and offering enhanced experiences for future guests.

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$88,000,000

Hotel

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Players

Dustin Stolly

Walker & Dunlop

Broker

$51.9B

vol

277 deals

Broker
Acore Capital
Acore CapitalLender

Scottsdale Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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