Nicholas Meli Of Access Point Financial Provides $29.25 Million Refinancing Loan For Hotels

The transaction involved a portfolio of three hotels located at 1302 Campus Parkway, 13575 Cypress Glen Lane, and 10971 West Colonial Drive, situated in Wall Township, NJ, Tampa, and Ocoee, FL. These properties are identified as key assets in the hospitality sector, comprising a total of 274 keys. The loan amount associated with this refinancing is set at $29,250,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $29,250,000
• Lender: Nicholas Meli - Access Point Financial
• Landlord: John O'Neill - American Hotel Income Properties
• Loan Type: Refinance
• Market: Wall Township, NJ; Tampa & Ocoee, FL

This transaction marks a strategic move for American Hotel Income Properties, as it seeks to enhance its portfolio through improvements facilitated by the bridge loan provided by Access Point Financial. The financing arrangement offers flexibility for future refinancing or property disposition, reflecting the ongoing interest from hospitality lenders in stabilized, branded hotel assets.