Katie Vivian Of Largo Capital Secures $10M Loan For Hotel Transaction

The transaction involved a pair of hotels, including a La Quinta Inn & Suites located at 103 Market Place Boulevard in Brownwood, TX, and a Hampton Inn situated at 11820 North I-35 Service Road in Oklahoma City, OK. The borrower secured $10 million in financing through Largo Capital to refinance the La Quinta Inn & Suites and acquire the Hampton Inn.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,000,000
• Keys: 143
• Address: 103 Market Place Boulevard - La Quinta Inn & Suites & 11820 North I-35 Service Road - Hampton Inn
• Market: Brownwood, TX & Oklahoma City, OK
• Asset Type: Hotel
• Broker: Katie Vivian - Largo Capital
• Loan Terms: Fixed-rate, nonrecourse

The financing for the two hotels in Texas and Oklahoma was facilitated by Katie Vivian of Largo Capital, a financial intermediary based in Upstate New York. The undisclosed borrower utilized the $10 million to refinance the La Quinta Inn & Suites in Brownwood and to acquire the Hampton Inn hotel in Oklahoma City.