Alamo Manhattan Secures $61M Loan for Marriott Uptown

Developer Alamo Manhattan secured a $61 million loan to finance Marriott Uptown, a 255-key hotel that will be built in Dallas’ Uptown submarket.

Jay Wagley, John Fenoglio and Matthew Miller with CBRE’s Debt & Structured Finance team in Dallas, along with Marc Sallette and Olga Lepow with the CBRE Hotels Finance team, originated and secured the financing from IBC Bank on behalf of the borrower. WDG Architecture is the building’s designer.

The 14-story hotel will be at Fairmont and Carlisle Streets, with completion scheduled for 2020.

“For years, our team has recognized that a huge gap exists in the Uptown Dallas hospitality market,” Alamo Manhattan’s Matt Segrest said. “While there are excellent high-end and boutique hotel options, there are little to no options for the mainline professional business traveler.”

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