Lending Portfolio

Transaction Details

The dual-branded hotel in downtown Houston will offer a select service lodging option through the Tru by Hilton brand, as well as an extendedstay option through the Home2 Suites by Hilton. Houston-based PA Hospitality is developing the property and will manage it. Mitchell Carlson Stone (MCS) Architects is the architect, EE Reed is the general contractor and the mortgage broker was Arriba Capital.

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Deal Basics

  • location

    Houston, TX

  • loan amount

    $37.4 Million

  • loan type

    Construction Loan

  • property type

    Hotel

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The Braddock Apartments

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Otonomous