Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

VISTA CAPITAL COMPANY STRUCTURES $47 MILLION OF FINANCING FOR THE HOLIDAY INN HOTEL & SUITES IN OCEAN CITY, MARYLAND

HIS-BuildingOcean

Vista Capital Company announced that it recently arranged and closed $47,000,000 of financing for the Holiday Inn Hotel & Suites located in Ocean City, Maryland. The financing was provided by a US affiliate of a European-based investment bank. It represents Vista’s third closing in Ocean City and their fourth oceanfront hotel closing in the last two years, affirming Vista’s expertise in financing seasonal, beach-oriented hospitality assets.

VistaCapitalCompanyHighRes - Global Banking | FinanceVista Capital was able to negotiate exceptionally favorable, non-recourse, fixed-rate financing with pricing below 5%. “The sponsor was able to refinance an existing loan from 2007,” said Zak Selbert, the founding principal at Vista Capital Company. Despite the vastly different underwriting standards of 2014 as compared to 2007, Selbert added, “The borrower benefited from Vista’s ability to maximize leverage and seamlessly structure a new financing.”

The Holiday Inn Hotel & Suites is a 210-all-suite, thirteen-story, upscale, select-service beachfront hotel, offering an oceanfront pool, an oceanfront children’s pool with water fountains, water slides, and a lazy river, an indoor pool in a four-story atrium, three restaurants in indoor and outdoor areas, and approximately 1,000 square feet of meeting space.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post