Arlington, TX, October 24, 2017 --(PR.com
)-- Hospitality Funding, Inc. arranged funding for the acquisition of the Comfort Suites Arlington, Texas. Waramaug LS Hotels LLC acquired the hotel in a joint venture with high net worth investors.
When assessing the deal, Hospitality Funding and Waramaug Hospitality considered the following:
The property is located near Six Flags Theme and Water Park, Rangers Ballpark, AT&T Stadium, Arlington Convention Center and more.
The property is a 108-room, all-suite hotel with high ceilings throughout that opened in 2009.
The hotel’s amenities include complimentary breakfast, a swimming pool, a fitness center, a business center and a Sundry shop.
Of the company’s recent success, Hospitality Funding’s President Steven Fischler said, “This is an excellent stable hotel to be a part of Waramaug’s portfolio. Not only is it conveniently located to between various venues in Arlington, but it’s full of amenities ideal for the business and leisure travelers. We are thrilled to have facilitated this transaction between Waramaug, its partners and its lender.”
About Hospitality Funding
Hospitality Funding, Inc. is a boutique investment advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Hospitality Funding works with superior sponsors to find capital solutions that fit their specific goals for property acquisitions. For more information, please visit www.hospitalityfunding.com.