Latest news with #AccessPointFinancial
Business Wire
3 days ago
- Business
- Business Wire
Access Point Financial Provides $55 Million Refinancing of Maryland-Based, Four-Hotel Portfolio
ATLANTA--(BUSINESS WIRE)--Officials of Access Point Financial (APF), a direct capital provider focused exclusively on the hospitality industry, today announced the company has directly provided a $55 million loan to Baltimore-based H&S Properties Development Corp., to refinance a four-hotel portfolio located in Md. The four hotels include the dual-branded, 120-room Courtyard Aberdeen at Ripken Stadium/ 78-room Residence Inn Aberdeen at Ripken Stadium and the dual-branded, 183-room Hilton Garden Inn Baltimore Inner Harbor/165-key Homewood Suites by Hilton Baltimore. The loan is floating rate and has a 4-year term and one year extension option. The monies will be used to refinance the existing debt on the properties and provide capital for a PIP. Access Point Financial directly provided a $55 million loan to H&S Properties Development Corp., to refinance a four-hotel portfolio located in Md. Share 'We were able to deliver a capital solution between both assets in this refinancing that gave the sponsor additional flexibility while also indulging in a personal passion for baseball and the Iron Birds who play at Ripken Stadium,' said Mike Lipson, APF. 'We remain laser-focused on thoughtful sponsors with refinancing and CapEx needs that require a lender to meet them where they are in today's marketplace. APF provides competitive, flexible solutions, and we are ready to do business with hotel owners.' Courtyard Aberdeen at Ripken Stadium/Residence Inn Aberdeen at Ripken Stadium Located at 830 Long Drive in Aberdeen, Md., the dual-branded Courtyard/Residence Inn was designed as a replica of Oriole Park at Camden Yards, directly across from The Ripken Experience® Aberdeen and close to I-95. In addition to Aberdeen Proving Ground, Susquehanna State Park and Bulle Rock Golf Course, the hotels are convenient to local businesses and major distribution centers, including Pepsi-Frito Lay, Wayfair, Webstaurant Store, Amazon and Clorox. Shared amenities include two restaurants, one with outdoor seating overlooking Ripken Stadium, an indoor pool, fully equipped fitness center with access to outdoor walking paths around the baseball fields and 1,200 sq. ft. of flexible meeting space. Hilton Garden Inn Baltimore Inner Harbor/Homewood Suites by Hilton Baltimore Situated steps from the Inner Harbor at 625 S. President St., the dual-branded hotel is within a mile of the National Aquarium, the Baltimore Convention Center and Johns Hopkins Hospital and less than two miles from Ravens football at M&T Bank Stadium and Orioles baseball at Camden Yards. The hotels provide a fitness center and on-site dining at the Garden Grille & Bar. About Access Point Financial Founded in 2011, Atlanta-based Access Point Financial (APF) is a direct, full-service specialty lender focused on the hospitality industry, offering a full-service lending & advisory platform that provides financing to qualified hotel franchisees of all major brands and independent boutique hotels throughout the United States. For additional information and key contacts, please visit
Yahoo
17-03-2025
- Business
- Yahoo
Access Point Financial Provides $126 Million Select-Service Portfolio Loan to American Hotel Income Properties REIT LP
ATLANTA, March 17, 2025--(BUSINESS WIRE)--Officials of Access Point Financial (APF), a direct capital provider focused exclusively on the hospitality industry, today announced the company has provided a total financing commitment on a fully funded loan amount of $126.0 million to American Hotel Income Properties REIT LP (AHIP), a publicly traded real estate investment trust located in Vancouver, Canada. The monies will be used to refinance, renovate and upgrade a portfolio of 12 premium-branded, select-service hotels totaling 1,233 rooms across the U.S. "As evidenced by this transaction, APF is capable of virtually all levels of financial assistance, from a single asset $10 million bridge loan to more complex transactions to refinance an entire portfolio well north of $100 million," said Michael I. Lipson, CEO & chairman of the board, APF. "We pride ourselves on being strategic capital partners who work hard to find the right solution for entrepreneurial, select-service hotel owners to large, institutional investors such as AHIP and everything in-between." The hotel portfolio includes: Residence Inn St. Paul Woodbury, Minn. Residence Inn San Angelo, Texas Fairfield Inn & Suites Asheboro, N.C. Home2 Suites San Angelo, Texas Courtyard Bismarck North, N.D. Staybridge Suites Midland, Texas TownePlace Suites Pittsburgh Airport / Robinson Township, Pa. Residence Inn Mount Laurel at Bishop's Gate, N.J. Hampton Inn Asheboro, N.C. Home2 Suites Midland, Texas Courtyard St. Paul Woodbury, Minn. Homewood Suites Kalamazoo-Portage, Mich. The $126 million commitment represents an average loan balance of approximately $102k per-key and $10.5 million per-property on the select-service portfolio of premium brands from Marriott, Hilton and IHG. "Access Point Financial is the capital solution for hotel sponsors who want a lending partner that knows them, understands the hotel marketplace and values flexibility, expertise, and true partnership," said James Reivitis, chief development officer, APF. About Access Point Financial Founded in 2011, Atlanta-based Access Point Financial (APF) is a direct, full-service specialty lender focused on the hospitality industry, offering a full-service lending & advisory platform that provides financing to qualified hotel franchisees of all major brands and independent boutique hotels throughout the United States. For additional information and key contacts, please visit About American Hotel Income Properties REIT LP American Hotel Income Properties REIT LP (TSX: TSX: HOT.U, TSX: or AHIP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP's portfolio of premium branded, select-service hotels is located in secondary metropolitan markets that benefit from diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, and IHG through license agreements. AHIP's long-term objectives are to build on its proven track record of successful investment, deliver monthly U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio. More information is available at View source version on Contacts Chris Daly, media(703) 864-5553chris@
