CBRE ARRANGES $34.7 MILLION IN HOTEL FINANCING

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FT. LAUDERDALE, FLA. — CB Richard Ellis (CBRE) has arranged $34.7 million for two hotels located adjacent to Ft. Lauderdale-Hollywood International Airport. The first property is a 157-room Fairfield Inn & Suites, and the second property is a 124-room Homewood Suites. Both hotels feature swimming pools, fitness centers and business centers. Jonathan Rice of CBRE Hotels and David Borge of CBRE Capital Markets arranged the financing on behalf of Economos Properties. Terms of the loan were not disclosed.

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