PCCP Provides $35.5M Acquisition Loan for Hilton Hotel in Gainesville

GAINESVILLE, FLA. — PCCP has provided a $35.5 million senior loan to Arden Group for the acquisition of the leasehold interest in the Hilton University of Florida Conference Center. Arden Group purchased the interest from Xenia Hotels & Resorts. The new ownership plans to upgrade the hotel’s guestrooms, common areas, dining areas and meeting space. The 248-room, seven-story hotel is located at 1714 S.W. 34th St. in Gainesville. The hotel features two restaurant/bar venues, an outdoor pool, fitness center and 25,000 square feet of meeting space.