Arden Companies And Crescent Real Estate Secure $47M Refinance Loan For Tampa Hotel

An undisclosed hotel property located at 4860 West Kennedy Boulevard in Tampa has undergone a refinancing transaction. The loan amount for this deal was $47,000,000. The property is owned by Arden Companies, with Craig Spencer representing as the landlord. Crescent Real Estate also has a stake in the property, with Jason E. Anderson and Conrad Suszynski as their representatives. The LCP Group, Benefit Street, and Beach Point Capital Management provided the financing for this transaction, with Francis Lively, Thomas Gahan, Scott Klein, and Carl Goldsmith representing each lender respectively. The landlord was assisted by Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Tyler Dumon of Newmark.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $47,000,000
• Address: 4860 West Kennedy Boulevard, Tampa
• Market: Tampa

The key individuals involved in this deal include Craig Spencer from Arden Companies, Jason E. Anderson and Conrad Suszynski from Crescent Real Estate, Francis Lively from The LCP Group, Thomas Gahan from Benefit Street, and Scott Klein and Carl Goldsmith from Beach Point Capital Management. The Newmark team, consisting of Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Tyler Dumon, provided representation for the landlord in this transaction.