Centennial Bank Provides $109.9M Loan For Pensacola Beach Hotel Acquisition

A hotel property located at 12 Via de Luna Dr & 14 Via De Luna Drive in Pensacola Beach has been involved in a recent transaction. The hotel boasts 481 keys and is situated in a prime market.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $109,890,000
• Lender: Centennial Bank
• Landlord: Innisfree Hotels - Ted Ent
• Broker: JLL's Hotel & Hospitality Group
• Loan Terms: Five-year loan

The hotel property has been acquired with a loan amount of $109,890,000 from Centennial Bank. The loan terms for this transaction are five years. Innisfree Hotels, represented by Ted Ent, serves as the landlord for this property. JLL's Hotel & Hospitality Group acted as the broker for the deal.