6 March 2025

HUNTER HOTEL ADVISORS CLOSES $60.2MM IN FINANCING FOR SEVEN PROPERTIES

Hunter Hotel Advisors (“HUNTER”) announced today the successful closing of $60.2 million in financing for seven hotel properties. Senior Vice President of Capital Markets, Adeel Amin, executed the closings on behalf of the firm.

The financing consists of a series of SBA 7(a) and 504 loans for the following properties: Dual Portfolio Extended Stay America in Chantilly, Virginia; Candlewood Suites in Louisville, Kentucky; Candlewood Suites in Indianapolis, Indiana; Fairfield Inn in Vinings, Georgia; Residence Inn Lake Charles, Louisiana; and Staybridge Suites in Denver Tech Center, Colorado. The transactions involved loans ranging from $5.73 million to $12.8 million and financing up to 85 percent of the total cost.

“The year 2024 ended on a strong note and a tailwind that's propelling us into 2025,” said Amin,“ A renewed appetite for traditional bank loans is emerging, particularly from local institutions, while innovative structures like variable-rate SBA 504 programs are also gaining traction. As the market finds its footing in this evolving landscape, lending is increasingly dictated by debt-service coverage ratios (DSCR). Consequently, government-backed loans are poised to remain a critical component of the financing landscape for loan request requiring maximum leverage (up to 80%) or low DSCR’s. We are grateful to our clients that trust HUNTER to meet their financing needs.”

"We're thrilled to expand our portfolio into Chantilly," said Hemal Patel, CEO of Prada Hotels. "The extended stay market continues to thrive and the locations are ideal for a hands-on operation such as ours. Given the volatility in the markets, financing presented some hurdles, but Adeel had effective solutions and guided us through the entire process.”

“Lotus Hospitality Investments is expanding its portfolio with the acquisition of two Candlewood Suites properties in Kentucky and Indianapolis,” according to Minesh Deva of the firm. “Securing optimal financing for the underperforming assets proved challenging, however we successfully navigated the complexities of government-backed lending to maximize leverage for both deals, while also structuring the financing to allow for a timely exit upon stabilization.”

Led by Senior Vice Presidents Adeel Amin and Charlie Ryan, HUNTER’s Capital Markets team specializes in customized financing solutions, including debt and equity placements and subordinate financing.