Cronheim Hotel Capital (CHC) secured an $11-million loan for affiliates of Concord Hospitality to refinance the existing note on the 127-room Courtyard Houston Intercontinental Airport.
Beau Williams, senior managing director, arranged the loan.
“We continue to see the best economics coming from our smaller balance sheet relationships that fit well with these size loans,” said Williams. “Given the current volatility within the U.S. banking system, we are very appreciative of these key relationships and will continue this strategy as the capital markets environment continues to unfold into the year.”
