FINANCED
Cronheim Hotel Capital Secures $11M Refinance Loan For Courtyard Houston Intercontinental Airport
15838 John F Kennedy Boulevard Frontage Road - Courtyard Houston Intercontinental Airport
Hotel
Financed 52 days ago
Summary
Loan
TEXAS
Hotel
The Courtyard Houston Intercontinental Airport, located at 15838 John F Kennedy Boulevard Frontage Road, is a 127-key hotel in Houston. Concord Hospitality, under the ownership of Mark Laport, operates the property.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $11,000,000
- Loan Type: Refinance
- Landlord: Mark Laport - Concord Hospitality
- Broker: Beau Williams - Cronheim Hotel Capital
Beau Williams of Cronheim Hotel Capital served as the broker in securing an $11 million loan to refinance the property. Williams, the senior managing director, emphasized the importance of maintaining relationships amidst banking system volatility and expressed gratitude for key connections in facilitating the deal.
Players
Details
FINANCED
IMAGE: Mark Laport & Beau Williams
DATE: 03/18/2024
ADDRESS: 15838 John F Kennedy Boulevard Frontage Road - Courtyard Houston Intercontinental Airport
MARKET: Houston
ASSET TYPE: Hotel ~ KEYS: 127
LANDLORD: Mark Laport - Concord Hospitality (@ConcordHotels)
BROKER: Beau Williams (@BeauTheOriginal) - Cronheim Hotel Capital
LOAN AMOUNT: $11,000,000
LOAN TYPE: Refinance
NOTE: Cronheim Hotel Capital secured an $11 million loan to refinance the Courtyard Houston Intercontinental Airport for Concord Hospitality affiliates. Beau Williams, senior managing director, arranged the loan, highlighting the importance of smaller balance sheet relationships amidst U.S. banking system volatility and expressing gratitude for key connections.View on map
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Address15838 John F Kennedy Boulevard Frontage Road - Courtyard Houston Intercontinental Airport
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