Suburban Capital Secures $32 Million Refinance For Hotel Portfolio Across Virginia Markets

The transaction involves a hotel portfolio consisting of four Virginia WoodSpring Suites properties and an additional property in Ashland, Virginia. The total loan amount secured for refinancing and acquisition purposes is $32,000,000. The portfolio expansion brings the total keys to 610 across the markets of Lynchburg, Roanoke, Yorktown, and Richmond, Virginia.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,000,000
• Loan Type: Refinance
• Asset Type: Hotel
• Keys: 610
• Landlord: Banning Stiffler - Suburban Capital
• Broker: CooperWynn Capital
• Market: Lynchburg, Roanoke, Yorktown & Richmond, VA

CooperWynn Capital played a crucial role in this transaction by securing the long-term fixed-rate financing for Suburban Capital. The refinancing and acquisition deal reflects strategic growth in the hospitality sector within the specified Virginia markets.