Southern Hospitality Management And Development Secures $19M Refinancing Loan For Orlando Hotel

On December 9, 2021, a hotel located at 7950 Palm Parkway in Orlando, Florida, was involved in a closed transaction. The hotel comprises 141 keys and is owned by Southern Hospitality Management and Development.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $19,000,000
• Loan Type: Refinancing Loan
• Loan Terms: Three-year, adjustable-rate loan
• Lender: ACRES Capital
• Landlord: Southern Hospitality Management and Development
• Brokers: Michael Weinberg & Wyatt Krapf - Berkadia Hotels & Hospitality

ACRES Capital provided a refinancing loan of $19,000,000 for the hotel. The loan has a three-year term and an adjustable interest rate. Michael Weinberg and Wyatt Krapf, representing Berkadia Hotels & Hospitality, acted as brokers in the transaction.