Idaho Hotel Portfolio

Location: Idaho Falls, ID
Type: Hospitality
Price: $ 13,500,000

SMC has provided two separate cross-collateralized and cross-defaulted mortgages with an aggregate balance of $13,500,000 to finance the acquisition The Hampton Inn Idaho Falls Airport and the La Quinta Inn & Suites Idaho Falls, two limited-service hotels totaling 211 keys located in Idaho Falls, ID. The properties were extensively renovated in 2012 following a conversion to the existing flags and are sponsored by the largest single hospitality management firm in the submarket. New franchise agreements for each property were entered into with the sponsor at closing.