Hawkins Way Capital has closed a $5.225-million refinancing loan with Symetra Life Insurance Company as the lender for its Sonder-run Found Chicago hotel. The loan, brokered by Meridian Capital Group, will provide funding for the continuing operations at the 60-key hotel.
Originally the historic Olympia Building, the property was built in the 1910s and purchased by Hawkins Way in 2016. The hotel, which opened rebranded doors in 2018, features a restaurant, cafe and speakeasy-style bar. Hawkins Way has plans to self-manage versus lease the property in the future.
