Innisfree Hotels Secures $32.6M Loan From Peachtree Group For Dual-Branded Hotel In Fernandina Beach

The property asset involved in the transaction is a dual-branded hotel located at 2700 Atlantic Avenue, Fernandina Beach. It comprises 239 keys and was opened in 2021. The transaction involves a loan amount of $32,600,000 with a three-year, fixed-rate term aimed at boosting revenues for the property ahead of securing permanent financing.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,600,000
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Ted Ent - Innisfree Hotels
• Loan Terms: three-year, fixed-rate

The deal features key individuals such as Jared Schlosser from Peachtree Group, who is the lender facilitating the financing, and Ted Ent from Innisfree Hotels, who is the landlord. This financing is intended for recapitalizing the hotel property, enhancing its financial stability in preparation for future financing opportunities.