Concord Hospitality Secures $30.3 Million Refinance Loan For Alloy Suites Hotel In King Of Prussia

The transaction involved the refinancing of a 327-room hotel asset located at 301 West Dekalb Pike, King of Prussia, PA. The loan amount for the property was $30,300,000. The asset is classified as a hotel, and the deal was structured to enhance financial operations for the property.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $30,300,000
• Loan Type: Refinance
• Landlord: Concord Hospitality
• Brokers: Beau Williams & Drew Gilligan - Cronheim Mortgage

Cronheim Mortgage was responsible for arranging the loan for Concord Hospitality, serving as the broker representatives for the borrower. The specific terms of the loan and the identity of the lender remain undisclosed in this transaction.