Castle Peak Holdings Secures $80.3M Financing For Trailborn Portfolio Across U.S

The hotel property involved in the transaction is located at 96 Log Cabin Lane in Highlands, NC, and 233 North Grand Canyon Boulevard in Williams, AZ. The loan amount for this transaction amounts to $80,300,000, secured by Ben Weinberg & Mike Weiss of Castle Peak Holdings for their Trailborn brand's three-hotel portfolio. This financing supports the fully renovated Trailborn Highlands in NC and upcoming property relaunches near the Grand Canyon, AZ, and in Wrightsville Beach, NC.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $80,300,000
• Market: Highlands, NC & Williams, AZ
• Asset Type: Hotel
• Landlord: Ben Weinberg & Mike Weiss - Castle Peak Holdings
• Broker: Stephen O’Connor - RobertDouglas

Stephen O’Connor from RobertDouglas served as the broker for this loan transaction, representing Castle Peak Holdings in securing the $80.3 million financing. The financing is directed towards the Trailborn brand's three-hotel portfolio, focusing on properties in key outdoor hospitality markets across the U.S., including the Trailborn Highlands in NC and upcoming relaunches near the Grand Canyon, AZ, and Wrightsville Beach, NC.