Essex Capital Arranges $19.4 Million Acquisition Debt
Essex Capital Group, Inc. recently arranged a $19,400,000 debt facility to fund the acquisition and renovation of an existing Hilton Garden Inn hotel.
Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged a $19,400,000 debt facility to fund the acquisition and renovation of an existing Hilton Garden Inn hotel located in central Florida (the “Financing”).
The debt Financing was a part of an overall $27.0 million acquisition and renovation of the hotel.
Rob Swain, Essex President said: “Essex was approached by a highly experienced hotel ownership team with a contract to buy a profitable Hilton property that was in need of updating. We were pleased to be able to execute a debt financing solution for the principals, especially considering the currently stressed banking environment.”
Essex Capital acted as the exclusive financial advisor for this transaction.
( Press Release Image: https://photos.webwire.com/prmedia/12031/302797/302797-1.png )
WebWireID302797
Acquisition- Contact Information
- Rob Swain
- President
- Essex Capital Group
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.