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COLUMBIA, MD-GMAC Commercial Mortgage Corp. has closed a $13 million financing deal for the Homewood Suites Columbia, a 150-unit hotel property at 8320 Benson Dr. The financing comes in the form of a permanent fixed-rate loan that was put together by GMACCM’s Hospitality Industry Division and will go to borrower HH Associates Borrower LLC. The purpose of the financing was to take advantage of favorable interest rates.

According to Howard County records, the property has a current assessed value of nearly $12.7 million. The Homewood Suites is a flag of the Hilton Hotel chain.

Built in 2003, the Homewood Suites Columbia occupies an approximately four-acre parcel in the 584-acre Columbia Gateway Office Park off Rte. 175 and I-95. In addition to guest suites, the 116,800-sf building also features 2,500 sf of meeting space, a fitness facility, dining area, business center and outdoor swimming pool. The property also boasts a location that is just minutes from the Baltimore-Washington International Airport.

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