$30M in Financing for Hotel Property in Boise

Utah-based Pennbridge Lodging secured $30.5 million in financing for Residence Inn Boise Downtown/City Center. Pennbridge opened the 185-room, 10-story Marriott-flagged property in October of 2017.

Berkadia’s Adrienne Kautzman arranged the deal. The non-recourse 10-year loan features a highly competitive fixed rate.

“This is the second deal we’ve financed in downtown Boise this year, demonstrating the ongoing strength of the city’s economy, which is creating more demand for sophisticated extended stay offerings like the Residence Inn Downtown/City Center,” said Kautzman.

With a variety of rooms and suites, the property is located at 400 South Capitol Blvd., offering access to downtown Boise, the Idaho State Capital Building, Boise Centre, Boise State University and the Boise Zoo. Guests can enjoy free Wi-Fi, a 24-hour fitness center, a business center, an indoor pool and a lobby bar.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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