The asset involved in this transaction is the Economy Hotel Portfolio, located across various markets including Orlando, Fort Lauderdale, Cocoa Beach, Dania Beach, Destin, Cutler Bay, Jacksonville, West Palm Beach, Florida Panhandle, and Georgia. The total loan amount obtained for this hotel portfolio is $44,500,000 through a mezzanine loan with a three-year term that includes two one-year extension options.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $44,500,000
• Lender: Driftwood Capital
• Representative: Carlos Rodriguez
• Loan Type: Mezzanine Loan
• Loan Terms: three-year, with two one-year extension options

Key individuals in this transaction include Carlos Rodriguez, who is the representative from Driftwood Capital, serving as the lender for the loan transaction. Their role was pivotal in facilitating the financial support needed for this hotel portfolio acquisition across multiple locations.