Cronheim Hotel Capital Secures $11M Refinance Loan For Courtyard Houston Intercontinental Airport

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.