Lending Portfolio
Transaction Details
Element by Westin hotel is located in North Charleston, South Carolina, one mile north of the Charleston Convention Center and 2.5 miles from the Charleston Airport. The five-story, 125-room extended-stay hotel will have guestrooms that range from 270-squarefoot studio-style to 642-square-foot suites with fully equipped kitchens and one-to-two-bedroom layouts. The development also includes 107 parking spaces on a twoacre site. The project is being developed by Greenville, South Carolina-based companies, Contender Development and Broadstreet. Arriba Capital brokered the deal.
Deal Basics
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location
Charleston, SC
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loan amount
$20 Million
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loan type
Construction Loan
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property type
Hotel