Lending Portfolio
Transaction Details
Residence Inn by Marriott Ormond Beach will feature 137 beach-front rooms and amenities as well as direct private beach access. The five-story hotel is located five miles from downtown Daytona Beach, seven miles from Daytona International Speedway and eight miles from Daytona International Airport. The project developer is Contender Development based in Greenville, South Carolina.
Deal Basics
-
location
Ormond Beach, FL
-
loan amount
$35 Million
-
loan type
Construction Loan
-
property type
Hotel