REBusinessOnline

SONNENBLICK-EICHNER ARRANGES $60M IN FINANCING

FLORIDA, TENNESSEE AND NORTH CAROLINA — Sonnenblick-Eichner has arranged $60 million in financing for a seven property hotel portfolio in Florida, Tennessee and North Carolina on behalf of Cooper Hotels. The portfolio includes Crowne Plaza Fort Myers, Florida; Doubletree Memphis, Doubletree Murfreesboro, Doubletree Jackson, Doubletree Oak Ridge, and Doubletree Johnson City, all in Tennessee; and Homewood Suites Charlotte, North Carolina. The five-year, interest-only facility was priced at 250 bps. over Libor.

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‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
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‣ NAI Global
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‣ Walker & Dunlop

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