Essex Capital Group arranged a $19.4 million debt facility to fund the acquisition and renovation of an existing Hilton Garden Inn hotel located in central Florida. Essex Capital acted as the exclusive financial advisor for the transaction. The debt financing was a part of an overall $27 million acquisition and renovation of the hotel.
“Essex was approached by a highly experienced hotel ownership team with a contract to buy a profitable Hilton property that was in need of updating,” Rob Swain, president of Essex Capital Group, said. “We were pleased to be able to execute a debt financing solution for the principals, especially considering the currently stressed banking environment.”
