LOS ANGELES-Platinum Equity obtained a$85-million acquisition and construction loan to purchase sixhotel properties located in Florida, Minnesota,North Carolina and Texas. Meridian Capital Groupwas responsible for assisting in orchestrating the loan. The firm’smanaging director, Seth Grossman, felt that Platinum’s strategicdecision was right in line with other full-service, reputablebrands it also owns.

“The properties fit a niche that they [Platinum] think areunderserved,” Grossman tells GlobeSt.com via phone. “Platinum canadd substantial value to the hotel properties based on in-houseoperations and a strong management company that has experience withthis level of hotel.”

Platinum has brought the Dallas-based AimbridgeHospitality to manage the properties, which comprise aportfolio total of 1,527 rooms. The hotels include a Embassy SuitesDowntown St. Paul and the Holiday Inn San Antonio InternationalAirport.