{"id":1004207086,"date":"2018-02-14T09:57:00","date_gmt":"2018-02-14T17:57:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207086"},"modified":"2022-12-08T16:57:10","modified_gmt":"2022-12-09T00:57:10","slug":"aloft-hotel-receives-18m-construction-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/","title":{"rendered":"Aloft Hotel Receives $18M Construction Loan"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004207087\" style=\"width: 349px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207087\" data-attachment-id=\"1004207087\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/aloft-glendale\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;HALL Structured Finance&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Aloft Glendale Rendering at Night (PRNewsfoto\/HALL Structured Finance)&quot;,&quot;created_timestamp&quot;:&quot;1518480000&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Aloft Glendale&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Aloft Hotel, Glendale\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Aloft Hotel, Glendale &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg?w=800\" class=\"wp-image-1004207087 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg\" alt=\"Aloft Hotel, Glendale \" width=\"339\" height=\"277\" \/><\/a><p id=\"caption-attachment-1004207087\" class=\"wp-caption-text\">Aloft Hotel, Glendale, Calif.\u00a0<\/p><\/div>\n<p>HALL Structured Finance has secured a $17.6 million first lien construction loan for the development of an 85-key Aloft Hotel in Glendale, Calif. Michael Tchakmakjian will develop the six-story project, which marks the first Marriott or Starwood branded hotel in the city. The project is slated for completion by May 2019.<\/p>\n<p>Located at 1100 N. Brand Blvd., the development is near Ventura Freeway, within 20 minutes of downtown Los Angeles. The location provides access to major corporate and regional headquarters, including the Disney Channel Headquarters. The Aloft Hotel will feature amenities such as a rooftop bar, ground floor restaurant, fitness center and 2,000 square feet of meeting space.<\/p>\n<p><em>&#8220;HALL Structured Finance&#8217;s ability to customize the financing terms to meet our project&#8217;s goals have made the development of the Aloft possible,&#8221;<\/em> said Tchakmakjian, in a prepared statement. <em>&#8220;We have enjoyed working with their team from start to finish, and are looking forward to delivering this new hotel to Glendale.&#8221;<\/em><\/p>\n<p>In December 2017, HALL Structured Finance secured a first lien loan totaling $17.3 million for the construction of a 126-key <a href=\"https:\/\/www.commercialsearch.com\/news\/hsf-closes-17m-construction-loan-for-sc-hotel\/\">Cambria Suites in Charleston<\/a>, S.C.<\/p>\n<p><em>Image courtesy of HALL Structured Finance<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developed by Michael Tchakmakjian, the new 85-key hotel will be located in Glendale, Calif. and is expected to open in May 2019.<\/p>\n","protected":false},"author":871,"featured_media":1004207087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21751,1594,21742,15],"tags":[32888,37262],"class_list":["post-1004207086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-hotel","category-los-angeles","category-latest","category-west","tag-aloft-hotel","tag-hall-structured-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aloft Hotel Receives $18M Construction Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aloft Hotel Receives $18M Construction Loan\" \/>\n<meta property=\"og:description\" content=\"Developed by Michael Tchakmakjian, the new 85-key hotel will be located in Glendale, Calif. and is expected to open in May 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-14T17:57:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:57:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/\",\"name\":\"Aloft Hotel Receives $18M Construction Loan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg\",\"datePublished\":\"2018-02-14T17:57:00+00:00\",\"dateModified\":\"2022-12-09T00:57:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg\",\"width\":800,\"height\":620,\"caption\":\"Aloft Hotel, Glendale\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aloft Hotel Receives $18M Construction Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/evelynjozsa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Aloft Hotel Receives $18M Construction Loan - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/","og_locale":"en_US","og_type":"article","og_title":"Aloft Hotel Receives $18M Construction Loan","og_description":"Developed by Michael Tchakmakjian, the new 85-key hotel will be located in Glendale, Calif. and is expected to open in May 2019.","og_url":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-02-14T17:57:00+00:00","article_modified_time":"2022-12-09T00:57:10+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg","type":"image\/jpeg"}],"author":"Evelyn Jozsa","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/","url":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/","name":"Aloft Hotel Receives $18M Construction Loan - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg","datePublished":"2018-02-14T17:57:00+00:00","dateModified":"2022-12-09T00:57:10+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg","width":800,"height":620,"caption":"Aloft Hotel, Glendale"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/aloft-hotel-receives-18m-construction-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Aloft Hotel Receives $18M Construction Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a","name":"Evelyn Jozsa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96","caption":"Evelyn Jozsa"},"description":"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.","url":"https:\/\/www.commercialsearch.com\/news\/author\/evelynjozsa\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Aloft-Hotel-Glendale.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004207086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/871"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004207086"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004207086\/revisions"}],"predecessor-version":[{"id":1004207142,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004207086\/revisions\/1004207142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004207087"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004207086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004207086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004207086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}