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Construction Financing Secured for Sacramento’s Hyatt House
Dallas-based HALL Structured Finance closed a new first lien construction loan totaling $26.7 million to finance the development of a Hyatt House in Sacramento. The new 128-room hotel is being developed by Roger Hume, founder of Hume Development Inc. and is anticipated to open in 2021.
The planned hotel features elements of both new development and adaptive reuse. The façade of the historic Eastern Star Temple, originally constructed in 1928 as a meeting hall for a Masonic women’s organization, will be retained and house the hotel’s lobby, meeting spaces, breakfast area, bar and lounge. However, 90% of the hotel will be new construction.
HALL Structured Finance’s Mike Jaynes says, “The hotel’s central location in the highly walkable midtown neighborhood in Sacramento will provide guests with easy access to the city’s thriving art and cultural scene.”
Chase Financial Corp.’s Chris Chase sourced the financing for the project.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development


