Neil Holliday & Bret Piekaar Of Slatt Capital Arrange $9.49M Loan For Home2 Suites Hotel Acquisition

The asset involved in this transaction is the Home2 Suites hotel, a 90-room establishment located at 7400 Phoenix Avenue in Fort Smith, Arkansas, with a loan amount of $9,490,000. The acquisition loan supports the hotel's purchase and is structured with a 25-year amortization schedule and an 18-month interest-only period.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $9,490,000
• Loan Type: Acquisition
• Loan Terms: 3-year
• Market: Fort Smith, AR
• Keys: 90
• Brokers: Neil Holliday & Bret Piekaar - Slatt Capital

Neil Holliday led the transaction process while Bret Piekaar served as the analyst. Slatt Capital arranged the loan, facilitating financing through Chambers Bank, which supported the buyer's acquisition efforts.