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Washington DC & Mid-Atlantic  + DC Metro  + Hospitality  |  July 7, 2021
David Cohen
By: David Cohen

Preston Hollow Capital Provides $34M Construction Loan for Radford University Hotel

Dallas-based independent specialty municipal finance company Preston Hollow Capital has provided $34 million in construction financing for The Highlander, a 124-room, on-campus hotel at Radford University in Radford, VA.

Located at 700 E Main St., The Highlander was built for Radford University’s new hospitality program. The property will include a rooftop restaurant as well as a 4,000-square-foot conference space, which will be utilized to host business conferences and events. The hotel is slated to be completed by 2022.

Preston Hollow Capital provided the financing to Provident Resources Group, the not-for-profit owner of The Highlander. Preston Hollow’s investment includes a $34 million Sustainability Bond. Aimbridge Hospitality will manage the Highlander upon completion.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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