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JLL Capital Markets Arranges Acquisition Financing for Hotel in North Austin
JLL Capital Markets has arranged acquisition financing for La Quinta Inn & Suites by Wyndham, a 75-key hotel in Cedar Park, TX. JLL worked on behalf of the borrower, Door Capital Partners, to secure the five-year, fixed-rate loan through Alliance Bank Central Texas.
Completed in 2009, La Quinta Inn & Suites, which sits on 4.02 acres at 1010 E. Whitestone Blvd., is located 22 miles north of Austin and comprises a mix of traditional guest rooms and suites. The hotel amenities include a fitness center, laundry facilities, indoor pool, mobile check-in, sundries/mart, complimentary breakfast and 625 square feet of meeting space.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director CW Sheehan and Analysts Matt Ctvrtlik and Hunt Wood. The financing amount was not disclosed.
- ◦Financing
