Friday, January 6, 2017

Meridian Capital Group Arranges $27 Million in Permanent Financing for the Residence Inn Secaucus Meadowlands Hotel and $14.5 Million in Permanent Financing for the Courtyard Orlando South Hotel


Beau Williams
New York, NY – Meridian Capital Group, America’s most active debt broker, arranged $27 million in financing for the Residence Inn Secaucus Meadowlands hotel in Secaucus, NJ and $14.5 million in financing for the Courtyard Orlando South hotel in Orlando, FL, on behalf of Concord Hospitality.

The five-year, LIBOR-based, floating-rate, non-recourse loans, provided by a balance sheet lender, were negotiated by Meridian hospitality finance specialist, Beau Williams, who is based in the company’s New York City headquarters.

The Residence Inn Secaucus Meadowlands, located at 800 Plaza Drive in Secaucus, NJ, is a newly constructed 154-room hotel, conveniently situated off of U.S. Route 3 and the New Jersey Turnpike, with direct access to The Plaza at Harmon Meadow and a 30-minute drive from New York City.

The property is in close proximity to several large demand generators, such as MetLife Stadium and Newark Liberty International Airport. Hotel amenities include spacious studio, one-, and two-bedroom suites with separate living rooms and bedrooms, fully equipped kitchens, free internet access and a state-of-the-art fitness center. The hotel also offers two event spaces, totaling 828 square feet.

The Courtyard Orlando South, located at 4120 West Taft Vineland Road in Orlando, FL, is in close proximity to several of the region’s most sought-after tourist destinations, including Disney’s Magic Kingdom, Epcot Center, Universal Studios, SeaWorld and the Central Florida Zoo.

For a complete copy of the company’s news release, please contact:

Jonathan Stern
Meridian Capital Group
212/972-3600

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