Commercial Observer: HSF Lends $43M for Boston-Area Hotel Development Project

The deal will fund Lixi Group‘s work on a new Springhill Suites Hotel in Revere, Mass., an oceanfront town about five miles northwest of Boston. A short drive or train ride from Boston Logan International Airport, the four-story lodging should be a good fit for budget-conscious business travelers, according to Brad Ferguson, an HSF executive who worked on the deal.

July 12, 2019

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Connect Boston: HSF Provides $43M Construction Loan for Springhill Suites

Hall Structured Finance provided a $43.3 million construction loan for a Springhill Suites hotel in Revere. The new 168-room hotel will be adjacent to the Wonderland train station on Revere Beach. Amenities at the four-story property will include an indoor swimming pool, fitness center, an oceanfront restaurant, business center and a Starbucks location.

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HSF Closes $43.3M Loan to Finance the Construction of Springhill Suites in Boston

“We had a great experience working with HALL Structured Finance. Their flexible, tailored approach to financing our hotel development made this loan closure seamless, and we are looking forward to delivering this Springhill Suites to the Boston market,” said Lisi Gu, spokesman for the new hotel development.

July 10, 2019

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