Davis Hotel Capital and National Property Inc. arrange construction financing for new Le Meridien Hotel

Davis Hotel Capital and National Property Inc. arrange construction financing for new Le Meridien Hotel

EB-5 Visa, EB5 Visa, EB5 Investments

Development of a 233-key Le Meridien Hotel in Arcadia, Calif. The developer of the project is SAICP LLC.

Davis Hotel Capital, Inc., a premier hotel investment banking and mortgage brokerage firm with a focus on hospitality real estate, and National Property Inc., a California-based advisory and development company, announced the companies have arranged construction financing of $43.5 million for the development of a 233-key Le Meridien Hotel in Arcadia, Calif. The developer of the project is SAICP LLC.

Geoff Davis, senior principal of Davis Hotel Capital, and Robb MacMillan, president of National Property Inc., collaborated on the placement. The hotel conveniently will be located adjacent to Santa Anita Park, the Westfield Arcadia Mall and proximate to numerous growing areas, such as Pasadena.

“Patience, creativity and flexibility, particularly on the lender and developer’s parts, helped make this project a reality,” stated MacMillan. Added Geoff Davis, “It was a complex capitalization, involving a senior lender and an EB-5 component, but when it is all said and done, this is going to be an amazing hotel that the community will be proud to welcome.”


https://www.traveldailynews.com/post/davis-hotel-capital-and-national-property-inc-arrange-construction-financing-for-new-le-meridien-hotel

States

  • California


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.