CBRE ARRANGES $38M FINANCING FOR MIAMI HOTELS
MIAMI — CBRE has arranged $38 million in financing for the Hilton Garden Inn and Homewood Suites by Hilton in Miami. The 189-room Hilton Garden Inn and the 124-room Homewood Suites are located at the intersection of Palmetto Expressway and N.W. 36th Street, less than one mile from Miami International Airport. Jonathan Rice of CBRE Hotels | Finance and David Borge of CBRE Capital Markets Debt & Equity Finance arranged the loan on behalf of the borrower, Economos Properties.