Abilene Hotel Portfolio

Location: Abilene, TX
Type: Hospitality
Price: $9,500,000

SMC has provided a $9,500,000 loan for the refinance of two hotels, Holiday Inn Express and La Quinta Inn, which are located in Abilene, TX. The Properties were built in 2001 (Holiday Inn Express) and 2010 (La Quinta Inn) and are currently undergoing a PIP renovation. The portfolio had an overall occupancy of 74% for the trailing 12-month period.