Marcus & Millichap Capital Arranges $8.86M Acquisition Loan For Artesia Hotel

The Hampton Inn & Suites Artesia hotel in Artesia, NM, with 81 keys, was acquired with the help of a $8,855,000 loan. The loan, facilitated by Marcus & Millichap Capital Corporation, is an acquisition type with a 10-year term. This loan includes 3 years fixed interest, 25 years amortization, and a 70% loan-to-value ratio.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $8,855,000
• Address: 2501 South Permian Pavilion Loop
• Market: Artesia, NM
• Broker: Tyler Waller - Marcus & Millichap

The acquisition of the Hampton Inn & Suites Artesia hotel was made possible through a loan amounting to $8,855,000. Tyler Waller from Marcus & Millichap played a crucial role as the broker in the deal.