Investors - JUNE 28, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Almanac Realty invests $100 million with hotel finance firm

by Ross Dohrmann

The $2.5 billion Almanac Realty Investors has committed $100 million to recently formed Shaner Hospitality Finance, a company managed by Shaner Hotel Group. Shaner Hospitality Finance, which is structured as a REIT, provides equity and debt for a wide array of hotel financing needs, including funding for PIPS, refinancing, purchasing existing loans and preferred equity infusions for acquisitions.

Shaner Hospitality Finance focuses primarily on small to mid-sized hotel companies that have financing needs that are not served by lending institutions. Hotels must be well located in the United States, and the financing range is between $3 million and $50 million, which is available for both individual properties and portf

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy