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| 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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