Ariel Property Advisors Secures $12.35 Million Loan For Hampton Inn In Dodge City Kansas

The property involved in this transaction is a hotel located at 4002 West Comanche Street in Dodge City, Kansas. The asset type is classified as a hotel, with a total of 108 keys. The loan amount secured for this property is $12,350,000, which is intended for acquisition purposes, featuring a 6.5% interest rate and a 25-year term.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $12,350,000
• Loan Type: Acquisition
• Interest Rate: 6.5%
• Loan Term: 25 years
• Address: 4002 West Comanche Street
• Market: Dodge City, KS
• Asset Keys: 108
• Brokers: Matt Swerdlow & Matthew Dzbanek - Ariel Property Advisors

The brokers representing this transaction, Matt Swerdlow and Matthew (Matt) Dzbanek, are affiliated with Ariel Property Advisors. They noted that the hotel market is rebounding and were able to identify several favorable financing options during this transaction.