Residence-Inn

KeyBank Secures $16.6M in CMBS Financing for Residence Inn in Austin

by Haisten Willis

AUSTIN, TEXAS — KeyBank Real Estate Capital has secured a $16.6 million, non-recourse CMBS first mortgage for Residence Inn in Austin. The 112-room hotel is an extended-stay property. Ashley Harkness and Chuck Butterworth of Key’s commercial mortgage group secured the financing.

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