CBRE Secures $30M Refinancing for Dual-Branded Hotel in Tucson, Arizona

Posted on May 3, 2022 by Amy Works in Arizona, Hospitality, Loans, Western

The Hampton Inn/Home2 Suites in Tucson, Ariz., features 199 guest rooms.

TUCSON, ARIZ. — CBRE has arranged a $30 million loan for the dual-branded Hampton Inn/Home2 Suites hotel in Tucson. Located at 141 S. Stone Ave., the 199-key property opened in late summer 2021.

Adrienne Andrews and Will Denton of CBRE facilitated the refinancing for the owner, Fayth Hospitality. A national bank lender provided the seven-year, fixed-rate loan, which pays off the construction loan and provides a future funding upside.