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JLL Arranges Acquisition Loan for Tahoe-Area Hotel
JLL Capital Markets arranged $22.5 million acquisition financing for The Hampton Inn & Suites in Truckee. The team of Jordan Angel, Mike Huth and Ethan Habecker worked on behalf of the borrower, JMA Ventures, LLC, to secure the acquisition loan from MetLife Investment Management, represented by Mike Pace, Mike Coen and Dan McKenzie.
“This acquisition continues to grow JMA Ventures’ footprint in the Tahoe market and offers guests the opportunity to enjoy beautiful accommodations in a market with very limited supply,” said Angel.
The property features 109 guestrooms and suites across two buildings, a heated outdoor pool and jacuzzi, fitness center and over 1,000 square feet of meeting space. The High Sierras California mountain town of Truckee is popular for visitors driving from the San Francisco Bay Area and is the gateway to Lake Tahoe.
The Hampton Inn & Suites, Tahoe-Truckee is situated by popular tourist attractions and prime destinations in the area, such as Northstar and Palisades Tahoe ski resorts, Martis Camp, Old Town and a host of outdoor activities.
- ◦Sale/Acquisition
- ◦Financing