Hotel News
BITAC® Events!
Operations Oct. 11, 2020 More Info 9 Supplier Spots Left
HEALTHTAC® East Virtual Mar. 30, 2021 More Info
Operations Apr. 18, 2021 More Info
Building Your Hospitality Business
  Are you a member? Log In  or  Sign Up
Hotel Interactive®, Inc.
Send a summary and link to this article
To Email
Your Name
Your Email
Bot Test
To pass the Bot Test, please type the white text that you see in the gray box. This helps us prevent spammers from abusing the system.
Print Printable Version

Davis Hotel Capital And National Property Inc. Arrange Construction Financing for Le Meridien In Arcadia, CA

Monday, June 10, 2019
bookmark this
Bookmark to: Digg Bookmark to: Del.icio.us Bookmark to: Facebook
Bookmark to: Yahoo Bookmark to: Google Bookmark to: Twitter
We are on Twitter

ARCADIA, CA–Davis Hotel Capital, Inc., a premier hotel investment banking and mortgage brokerage firm with a focus on hospitality real estate, and National Property Inc., a California-based advisory and development company, today announced the companies have arranged construction financing of $43.5 million for the development of a 233-key Le Meridien Hotel in Arcadia, Calif. The developer of the project is SAICP LLC.

Geoff Davis, senior principal of Davis Hotel Capital, and Robb MacMillan, president of National Property Inc., collaborated on the placement. The hotel conveniently will be located adjacent to Santa Anita Park, the Westfield Arcadia Mall and proximate to numerous growing areas, such as Pasadena.

“Patience, creativity and flexibility, particularly on the lender and developer’s parts, helped make this project a reality,” stated MacMillan. Added Geoff Davis, “It was a complex capitalization, involving a senior lender and an EB-5 component, but when it is all said and done, this is going to be an amazing hotel that the community will be proud to welcome.”
Feedback Messaging & Feedback
We welcome your opinion! Log In to send feedback.
Already a member?
Log In
Not yet registered?
Sign Up
Need More Information?
  RSS Feed
RSS Feed
Contact Us
Mobile Version