Ramsfield Hospitality Finance Provides $33.6M Loan For Hyatt Place Atlanta/Centennial Park

The asset involved in this transaction is the Hyatt Place Atlanta/Centennial Park, a hotel with 175 keys located at 300 Luckie Street Northwest, in the Atlanta, GA market. The property is backed by Ramsfield Hospitality Finance, which provided a loan amount of $33,600,000 in mortgage financing. This loan was utilized to retire a previous construction loan of $32.9 million.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $33,600,000
• Address: 300 Luckie Street Northwest
• Market: Atlanta, GA
• Asset Keys: 175
• Lender: Ramsfield Hospitality Finance
• Landlord: Songy Highroads & Hyatt Hotels Corporation

The key individuals involved in this transaction include Ramsfield Hospitality Finance as the lender, who played a critical role in the financial structuring. The property is owned by a venture between Songy Highroads and Hyatt Hotels Corporation, both of whom are integral to the hotel sector in this market.