Chesterfield Hotels Secures $3.5M Loan For Expansion Of The Broadway In Columbia, MO

Chesterfield Hotels, Inc. is currently constructing an eight-story, 80-room expansion of The Broadway, a Hilton hotel located at 1111 East Broadway in Columbia, Missouri. The project, which is being financed by a $3.5 million C-PACE loan provided by Bayview PACE, aims to enhance the hotel's amenities and increase its capacity. The new addition will bring the total square footage of the hotel to 73,000 and add 80 additional keys to accommodate more guests.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $3,500,000
• Address: 1111 East Broadway
• Market: Columbia, MO
• Square Footage: 73,000
• Keys: 80
• Lender: Bayview PACE
• Landlord: David Parmley - Chesterfield Hotels, Inc

David Parmley, representing Chesterfield Hotels, Inc., is overseeing the construction project as the landlord. This expansion will bring additional revenue opportunities for the hotel and allow them to accommodate more guests. The C-PACE financing from Bayview PACE demonstrates the support and confidence in the growth potential of The Broadway.