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

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

• Property Type: Hotel
• Transaction Amount: $88,000,000
• Lender: Acore Capital
• Landlord: Global Hospitality Investment Group
• Brokers: Dustin Stolly, Jordan Roeschlaub, Nick Scribani & Tyler Dumon - Newmark

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.