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Adventurous Journeys Capital Partners Secures $40M for Graduate Hotel in Auburn
Adventurous Journeys Capital Partners has secured $40 million in construction financing for the development of Graduate Auburn, a 177-key hotel in Auburn, AL.
Graduate Auburn will join a collection of 35 other Graduate Hotels and will be the brand’s seventh location in the SEC conference.
Jeff Bucaro and Danny Kaufman of JLL worked on behalf of the sponsor in arranging the five-year, floating-rate loan with Southern States Bank.
Graduate Auburn will be located on Magnolia Avenue across from the 1,800-acre Auburn University Campus and steps away from College Street and the historic Toomer’s Drugs.
The hotel will offer a mix of traditional guestrooms and suites, approximately 10,000 square feet of flexible meeting and event space and two food and beverage outlets, including a rooftop lounge with an outdoor terrace featuring panoramic views of the Auburn campus.
- ◦Development
