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DENVER – The 189-room Hotel Monaco Denver has received a $41-million balance sheet loan. The hotel is located at 1717 Champa Street in the city’s Lower Downtown region. It includes more than 4,000 square feet of meeting space, Panzano restaurant, a fitness center and a full-service spa.
The floating-rate loan was arranged by Mathew Comfort, Mike Huth and Keith Largay of Jones Lang LaSalle’s (JLL) Hotels & Hospitality Group. The team worked on behalf of Inland American Lodging Advisor, Inc. The company also received a $27.5-million, floating-rate, balance sheet loan for its Hotel Monaco Chicago. Inland America purchased both hotels this past November.