The hotel--owned and operated by Wichita, KA- basedLodgeWorks--is not doing any structural or façade adjustments tothe Hyatt, Fregytag tells GlobeSt.com. The changes will mainly beinterior upgrades of furniture, bedding, window treatments andtelevisions in the rooms, he explains. The renovations are plannedto wrap-up between the end of the Q1 of 2009 and mid-year. The loanwas put together through a partnership with an unnamed insurancecompany, Freytag says, and works is part of a long-termrelationship RockBridge has with LodgeWorks.

The Hyatt sits seven miles northwest of Philadelphia, situatedin a suburban office and retail market near interstates 276 and476. The room rates run around $125 per night for a suitecontaining a kitchen, walk-in closet and work space. RockBridgespecializes in providing capital to the hospitality industrythrough its RockBridge Hospitality Funds and First MortgageInvestment Program.