REBusinessOnline

Wheelock Street Capital Refinances Two Hotels in College Station, Round Rock

COLLEGE STATION AND ROUND ROCK, TEXAS — Wheelock Street Capital LLC has refinanced two Marriott-branded hotels it owns in Texas: the 125-room Courtyard Marriott located at 3939 State Highway 6 near Texas A&M University in College Station, and the 113-room Courtyard Marriott located at 2700 Hoppe Trail next to Dell headquarters in the Austin suburb of Round Rock. Steven Klein, Casey Wenzel and Roy Shepard of HFF arranged the three-year, floating-rate loan. Wheelock Street Capital will use the refinancing to take out existing acquisition financing and to provide capital to continue its property improvement plan. The financing is part of a $45 million package for four hotels spanning 441 rooms in Texas and Tennessee.

 

Content Partners
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

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