JLL Capital Markets announced today that it has arranged acquisition financing for La Quinta Inn & Suites by Wyndham, a 75-key hotel in Cedar Park, Texas.
JLL worked on behalf of the borrower, Door Capital Partners, to secure the five-year, fixed-rate loan through Alliance Bank Central Texas.
Completed in 2009, La Quinta Inn & Suites comprises a mix of traditional guest rooms and suites. The hotel amenities include a fitness center, laundry facilities, indoor pool, mobile check-in, sundries/mart, complimentary breakfast and 625 square feet of meeting space.
La Quinta Inn & Suites is positioned on 4.02 acres at 1010 E. Whitestone Blvd. Located 22 miles north of Austin, just off Highway 183 and Interstate 35, guests have convenient access to local shopping and entertainment as well as Lake Travis and the trails at Brushy Creek Lake Park, in addition to all that downtown Austin has to offer, including, Blanton Museum of Art, Austin Zoo, Lakeline Mall, the Arboretum and more.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director CW Sheehan and Analysts Matt Ctvrtlik and Hunt Wood.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
Photos Source: La Quinta Inn & Suites by Wyndham Cedar Park, Texas, Hotel News Resource