Holiday Inn Express & Suites Plainview

Location: Plainview, TX
Type: Hospitality
Price: $ 4,525,000

SMC has provided a $4,525,000 first mortgage to refinance an existing CMBS loan. The property is a 62-room limited service hotel located approximately 80 miles south of Amarillo, TX and 50 miles north of Lubbock, TX. The Property was built in 2001 and is located just off of Interstate 27, a major north/south thoroughfare in the area. The Loan is well structured, with 25-year amortization and is outperforming its comp set. The Property offers its guests 24-hour business and fitness centers, an on-site restaurant, and an indoor swimming pool.