BofA and Wells Fargo Support Summit Hotel Properties’ Portfolio Acquisition
Through its existing joint venture with GIC, Summit Hotel Properties closed a portfolio acquisition of 26 hotels from affiliates of NewcrestImage. Bank of America and Wells Fargo Bank provided $410 million in debt financing to support the transaction.
January 14, 2022
Bank of America | BofA Securities | Colven & Tran | GIC | Goodwin Procter | Haynes and Boone | Hunton Andrews Kurth | Munsch Hardt Kopf & Harr | NewcrestImage | Summit Hotel Properties | Wells Fargo Bank
Phil Neuffer