Hampton Inn Rockwall
Location: Rockwall, TX
Type: Hospitality
Price: $ 5,100,000
SMC has provided a $5,100,000 loan for the refinance of Hampton Inn Rockwall. The loan is collateralized by a 3-story, 62-room, limited service hotel offering 1,100 SF of meeting space, a business center, a 24-hour health and fitness center, an outdoor pool and housekeeping and laundry services. The hotel is well-located within proximity to Interstate 30 and Lake Ray Hubbard, which is a major recreational attraction in the region. The sponsors developed the property in June 2008, and the hotel is already outperforming its peer set with a RevPAR penetration of 135%.