JMA Ventures announced that it secured $22.5 million in acquisition financing for The Hampton Inn & Suites in Truckee, Calif.
JLL worked on behalf of the borrower to secure the acquisition loan from MetLife Investment Management.
The property features 109 guest rooms and suites across two buildings, a heated outdoor pool and jacuzzi, a fitness center and more than 1,000 square feet of meeting space.
The Hampton Inn & Suites, Tahoe-Truckee, provides access to major transportation routes including Interstate 80, CA 267 and the Truckee Airport, as well as newly constructed bike lanes. The property is situated by popular tourist attractions and destinations in the area, such as Northstar and Palisades Tahoe ski resorts, Martis Camp, Old Town and a host of outdoor activities.
