Marcus & Millichap Capital Corporation Arranges $24M Refinance For Marriott Springfield Downtown Hotel | 2 Boland Way | Robert Damigella | Hotel | Loan

Summary

Loan

MASSACHUSETTS

Hotel

The Marriott Springfield Downtown hotel, located at 2 Boland Way in Springfield, Massachusetts, has successfully undergone a $24 million refinancing deal. The hotel, consisting of 266 keys, was the subject of the transaction.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $24,000,000
Address: 2 Boland Way
Market: Springfield, MA
Keys: 266

Robert Damigella of Marcus & Millichap served as the broker representing the transaction. Marcus & Millichap Capital Corporation (MMCC) arranged the refinancing and successfully secured the $24 million loan for the Marriott Springfield Downtown hotel. Robert Damigella, Vice President of Capital Markets at MMCC in Boston, played a crucial role in securing the financing.

Players

All
2

Agents
1
Agencies
1

Robert Damigella

Senior Director

$4.3M Sold

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: Robert Damigella DATE: 06/27/2023 ADDRESS: 2 Boland Way MARKET: Springfield, MA ASSET TYPE: Hotel ~ KEYS: 266 BROKER: Robert Damigella (@RobertDamigella) - Marcus & Millichap (@MarcusMillichapBoston) LOAN AMOUNT: $24,000,000 LOAN TYPE: Refinance NOTE: Marcus & Millichap Capital Corporation (MMCC) successfully arranged $24 million in refinancing for the Marriott Springfield Downtown hotel in Springfield, Massachusetts. Robert Damigella, Vice President of Capital Markets at MMCC in Boston, secured the financing.

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Address2 Boland Way

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