Columbia Sussex Corp. Secures $75M Loan For Quincy Hotel - J.P. Morgan Chase
Massachusetts
See Similar DealsColumbia Sussex Corp. Secures $75M Loan For Quincy Hotel - J.P. Morgan Chase
1000 Marriott Dr, Quincy, MA, 02169
See Similar DealsSummary
The Boston Marriott Quincy, a 466-room hotel located at 1000 Marriott Dr in Quincy, MA, 02169, has undergone acquisition and renovation financed by $75 million from Square Mile Capital Management and JPMorgan Chase. The hotel boasts amenities such as a fitness center, indoor swimming pool, business center, and 16,000 square feet of renovated meeting space.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $75,000,000.00
- Borrower: Columbia Sussex Corp.
- Lender: J.P. Morgan Chase & Company
- Borrower's Representatives: Lawrence Britvan(CBRE), Matt Jacobs(CBRE)
- Market: Quincy
Lawrence Britvasn and Matt Jacobs of Hodges Ward Elliot in New York were the key individuals who arranged the financing for Columbia Sussex Corp., a privately owned hotel owner and operator based in Crestview Hills, Ky. The company holds a portfolio of more than 13,000 rooms, establishing a significant presence in the hospitality industry.
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