ROCKBRIDGE SECURES $11.7 MILLION HOTEL LOAN

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PLYMOUTH MEETING, PA. — RockBridge has secured $11.7 million in first-mortgage financing for a 150-suite Hyatt Summerfield Suites located in Plymouth Meeting. The all-suite, extended stay hotel features rooms with fully equipped kitchens, walk-in closets and dedicated work space. The owner-operator of the property, Wichita, Kan.-based LodgeWorks, plans to complete a $1.3 million renovation to the property in the future. The lender, as well as the terms of the loan, were undisclosed.

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