Transwestern Hospitality Group announced that it secured $30.6 million in financing for the 122-key Hotel Granduca in Houston.
JLL represented the borrower and secured the five-year, floating-rate loan from Prime Finance.
The hotel’s amenities include two dining options (Alba restaurant and Il Giardino), a bar and seating area, meeting rooms totaling 2,860 square feet and event space spanning 2,050 square feet, which opens to the courtyard. A large gym is available for guests. The hotel also provides surface parking and outdoor space.
Built in 2006, the six-story hotel sits on 3.57 acres of land and features an Italian-inspired design. Its centerpiece is a landscaped interior courtyard with a pool, garden and seating area.
The ground floor of the building will undergo renovations in the second half of 2024. The lobby, breakfast area, bar, seating areas and event space will be completely redesigned, and the gym will be relocated. The lobby will be transf
