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Follow on Google News | Thorofare Capital $12 MM Loan Funds Hotel Acquisition in Orlando, FLBy: Thorofare Capital The Four Points by Sheraton Orlando Studio City is a 21-story, 301-room full service hotel located at 5905 International Drive, directly across from the entrance to the Universal Orlando Resort. The hotel was acquired from Garrison Investment Group, which had owned the property since 2011. Built in 1979, the hotel underwent a multi million-dollar renovation in 2007, and was then reflagged under Starwood’s Sheraton Four Points brand. “Our financing allowed the sponsor to seize an opportunity to acquire an extremely well-located hotel that benefits from a strong corporate and leisure travel business at well below replacement cost,” said Thorofare EVP of Originations, Felix Gutnikov. Thorofare’ The sponsor currently owns in excess of 2,900 hotel rooms as direct equity investments and as a limited partner alongside experienced operators. The Principals of the firm have completed more than $3 billion of hotel transactions, ranging from debt acquisitions, direct equity and joint venture equity, as well as property-level operation experience. About Thorofare Los Angeles-based Thorofare Capital, Inc. (“Thorofare”) -30- This communication is for informational purposes only and intended for our non-advisory loan origination and servicing clients only. As such, nothing herein is an offer or solicitation for the purchase or sale of any security, may not be relied upon in connection therewith, and is qualified in its entirety by any related Private Placement Memorandum and Partnership Agreement. An investment in a private real estate fund involves a substantial degree of risk and investors could lose some or all of their investment. SEC registration does not imply any particular level of skill. End
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