Stabilis Capital Management Provides $43.5M Loan For Acquisition Of Las Vegas Hotels

The acquisition of three Motel 6 properties in Las Vegas, NV has been financed with a floating-rate nonrecourse loan. The properties are located at 195 E Tropicana Avenue, 5085 Dean Martin Drive, and 4125 Boulder Highway, and collectively offer a total of 606 keys. The loan amount secured for this acquisition is $43,500,000, and the loan type is acquisition. The loan terms feature full-term interest-only payments.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $43,500,000
• Address: 195 E Tropicana Avenue, 5085 Dean Martin Drive, & 4125 Boulder Highway
• Market: Las Vegas, NV
• Keys: 606
• Lender: Stabilis Capital Management
• Broker: Suraj Desai - BlackBearCapitalPartners

The acquisition of the three Motel 6 properties was made possible through the financing provided by Stabilis Capital Management. The broker involved in this deal is Suraj Desai from BlackBearCapitalPartners.