Square Mile Capital Management Provides $56.3M Acquisition Loan For Philadelphia Hotel

The hotel located at 120 S 17th St in Philadelphia has been acquired in a closed transaction. The property, which consists of 306 keys, was involved in an acquisition loan deal. The loan amount for this transaction was $56,300,000 and it was provided by Square Mile Capital Management. Oaktree Capital Management and Clearview Hotel Capital are the landlords for this property.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $56,300,000
• Address: 120 S 17th St
• Market: Philadelphia
• Keys: 306

JLL brokers Mark Fisher and Ryan Ade represented the parties involved in this transaction.