Jillian Mariutti
NEW YORK, NY, Feb. 16, 2024 – JLL Capital Markets has arranged $30.6 million in financing for the 122-key Hotel Granduca in Houston, Texas.
JLL represented the borrower, Transwestern Hospitality Group, and
secured the five-year, floating-rate loan from Prime Finance.
The hotel boasts several amenities, including two dining options (Alba restaurant and Il Giardino), a spacious bar and seating area, meeting rooms totaling 2,860 square feet and event space spanning 2,050 square feet, which opens to the courtyard.
FINANCED: 122-key Hotel Granduca in Houston, TX.
Additionally, there is a large gym available for
guests. The hotel also provides ample surface parking and of outdoor space.
Built
in 2006, the six-story hotel sits on 3.57 acres of land and features a
beautiful Italian-inspired design. Its centerpiece is a landscaped interior
courtyard with a pool, garden, and seating area.
Mark Fisher
The ground floor of the building will undergo renovations in the second half of 2024.
The
JLL Capital Markets team was led by Senior Director Jillian Mariutti and
Managing Director Mark Fisher.
For
more news, videos and research resources, please visit JLL’s newsroom.
CONTACT:
Alli Stent
JLL
PR, Hotels & Hospitality
Capital Markets
Chicago,IL
M +1 330 329 6750
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