The 184-room Holiday Inn Boston Bunker Hill Area in Somerville, MA.

NATICK, MA—Locally-based Distinctive Hospitality Group hasrefinanced three hotels in corporate portfolio totaling 623rooms.

Holliday Fenoglio Fowler, LP brokered the deal on two hotels inNatick and another in Somerville with Bank of America's CMBS Group.The 10-year, fixed rate securitized loan will be serviced by HFFwith proceeds from the financing will be used to refinance existingdebt and reinvest in the properties. No financial terms of thetransaction were released.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

johnjordan

Boston
Capital Markets
Hotels