$11 Million Refinance Secured For 95-Key Hotel At 1706 North Dupont Highway Dover DE

The asset involved in this transaction is a hotel located at 1706 North Dupont Highway in Dover, DE. It has a total square footage of 73,686 and features 95 keys. The loan amount secured for this property is $11,000,000, classified as a refinance. The loan terms include a fixed rate with no prepayment penalties.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $11,000,000
• Loan Type: Refinance
• Loan Terms: Fixed rate, with no prepayment penalties
• Square Footage: 73,686
• Keys: 95
• Address: 1706 North Dupont Highway
• Market: Dover, DE
• Brokers: Andrew Cameron & Anudeep Gosal - Besen Partners

Andrew Cameron and Anudeep Gosal from Besen Partners represent the interests of the transaction, leveraging the strong relationships maintained by Besen Hotel Advisory Group with lenders focused on hotel financing. The team's expertise encompasses capital market solutions, acquisitions, dispositions, and strategic advisory services specifically tailored for the hospitality sector.