HALL Structured Finance Provides $52M Construction Loan For Woodinville Hotel & Spa

The Somm Hotel and Spa, Autograph Collection, a new hotel development, is set to be constructed in Woodinville, WA. The property, located at 14485 Redmond-Woodinville Rd NE, will offer 164 keys to accommodate guests. The project has secured a $52 million loan from HALL Structured Finance (HSF), which will be used for its construction. The hotel will be situated in Woodinville, a suburb of Seattle.

Summary of transaction details

• Property Type: Hotel
• Loan Amount: $52,000,000
• Loan Type: Construction
• Lender: HALL Structured Finance - Brian Mitchell
• Landlord: E. Kent Halvorson - Woodinville Hotel Partners, LLC
• Broker: Brian Holstein - US Hotel Advisors

HSF, represented by Brian Mitchell, has provided a $52 million construction loan to Woodinville Hotel Partners, LLC for the development of The Somm Hotel and Spa, Autograph Collection. The project, located in Woodinville, WA, is expected to bring a new upscale hotel option to the area. Brian Holstein, of US Hotel Advisors, served as the broker in this deal.