{"id":1004274398,"date":"2018-10-25T07:16:32","date_gmt":"2018-10-25T15:16:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004274398"},"modified":"2022-12-08T23:38:46","modified_gmt":"2022-12-09T07:38:46","slug":"mission-capital-secures-19m-loan-for-two-nc-hotels","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/","title":{"rendered":"Mission Capital Secures $19M Loan for Two NC Hotels"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004274401\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004274401\" data-attachment-id=\"1004274401\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/dcim100mediadji_0061-jpg\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;FC6310&quot;,&quot;caption&quot;:&quot;DCIM100MEDIADJI_0061.JPG&quot;,&quot;created_timestamp&quot;:&quot;1512302263&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;8.8&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0025&quot;,&quot;title&quot;:&quot;DCIM100MEDIADJI_0061.JPG&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"DCIM100MEDIADJI_0061.JPG\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;DCIM100MEDIADJI_0061.JPG&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg?w=1024\" class=\"wp-image-1004274401 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg\" alt=\"Home2 Suites by Hilton and SpringHill Suites by Marriott\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004274401\" class=\"wp-caption-text\">Home2 Suites by Hilton and SpringHill Suites by Marriott<\/p><\/div>\n<p>Mission Capital Advisors\u2019 Debt and Equity Finance Group has arranged a $19.3 million non-recourse, floating-rate loan for the acquisition of two extended-stay hotels in Winston-Salem, N.C. The portfolio includes the 91-key Home2 Suites by Hilton and the 95-key SpringHill Suites by Marriott.<\/p>\n<p>Located at 1010 and 1015 Marriott Crossing Way, just off Interstate 40 and roughly 7 miles from downtown Winston-Salem and Wake Forest University, the two properties are less than 30 miles from Piedmont Triad International Airport. The Hilton-branded hotel was completed in February, while the other opened in 2009. SpringHill Suites underwent a substantial revamp in 2017.<\/p>\n<p><em>\u201cDespite the fact that the Home2 Suites just recently opened and had limited operating history, we were able to create significant competition among our network of lenders, who were attracted to the strength of the sponsor and the projected debt yield. The hotels\u2019 proximity to one another will enable the sponsor to limit operating expenses, while the two properties will benefit from being part of the Marriott and Hilton reservations systems,\u201d<\/em> said Beau Williams, managing director of Mission Capital\u2019s Debt and Equity Finance Group, in prepared remarks.<\/p>\n<p>Williams, Steven Buchwald and Lexington Henn represented the sponsor, a partnership of Milestone Cos. and Woodmont Lodging. Milestone Hospitality Management will be in charge of the properties\u2019 management. Earlier this year, Mission Capital <a href=\"https:\/\/www.commercialsearch.com\/news\/doubletree-by-hilton-greensboro-receives-21m-refi\/\">secured a $21.4 million loan<\/a> to refinance DoubleTree by Hilton Greensboro, a 175-key hotel in Greensboro, N.C.<\/p>\n<p><em>Image courtesy of Mission Capital Advisors<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The portfolio comprises a 91-key Home2 Suites by Hilton and a 95-key SpringHill Suites by Marriott in Winston-Salem. A Milestone entity will manage the assets. <\/p>\n","protected":false},"author":238,"featured_media":1004274401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21751,21742],"tags":[32805,33877,39327,34876],"class_list":["post-1004274398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-hotel","category-latest","tag-hilton","tag-marriott","tag-milestone-hospitality-management","tag-mission-capital-advisors"],"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>Mission Capital Secures $19M Loan for Two NC Hotels - 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\/mission-capital-secures-19m-loan-for-two-nc-hotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mission Capital Secures $19M Loan for Two NC Hotels\" \/>\n<meta property=\"og:description\" content=\"The portfolio comprises a 91-key Home2 Suites by Hilton and a 95-key SpringHill Suites by Marriott in Winston-Salem. A Milestone entity will manage the assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/\" \/>\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=\"2018-10-25T15:16:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:38:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\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\/mission-capital-secures-19m-loan-for-two-nc-hotels\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/\",\"name\":\"Mission Capital Secures $19M Loan for Two NC Hotels - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg\",\"datePublished\":\"2018-10-25T15:16:32+00:00\",\"dateModified\":\"2022-12-09T07:38:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg\",\"width\":1200,\"height\":900,\"caption\":\"DCIM100MEDIADJI_0061.JPG\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mission Capital Secures $19M Loan for Two NC Hotels\"}]},{\"@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\/2f8b737fce677cc406c08a2c29c1ff38\",\"name\":\"Laura Valean\",\"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\/Laura-Calugar.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"caption\":\"Laura Valean\"},\"description\":\"Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. She has a 12-year background in broadcast media and joined the CPE-MHN team in 2016. Laura writes and edits in-depth stories on the hottest topics in the real estate industry, but she is also the host of award-winning podcast shows for both brands. Laura holds a B.A. in Journalism and an M.A. in Media Management. \ud83d\udce7 laura.valean@cpe-mhn.com\",\"jobTitle\":\"Senior Editor\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/laura-valean\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mission Capital Secures $19M Loan for Two NC Hotels - 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\/mission-capital-secures-19m-loan-for-two-nc-hotels\/","og_locale":"en_US","og_type":"article","og_title":"Mission Capital Secures $19M Loan for Two NC Hotels","og_description":"The portfolio comprises a 91-key Home2 Suites by Hilton and a 95-key SpringHill Suites by Marriott in Winston-Salem. A Milestone entity will manage the assets.","og_url":"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-10-25T15:16:32+00:00","article_modified_time":"2022-12-09T07:38:46+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg","type":"image\/jpeg"}],"author":"Laura Valean","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\/mission-capital-secures-19m-loan-for-two-nc-hotels\/","url":"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/","name":"Mission Capital Secures $19M Loan for Two NC Hotels - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg","datePublished":"2018-10-25T15:16:32+00:00","dateModified":"2022-12-09T07:38:46+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg","width":1200,"height":900,"caption":"DCIM100MEDIADJI_0061.JPG"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-secures-19m-loan-for-two-nc-hotels\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Mission Capital Secures $19M Loan for Two NC Hotels"}]},{"@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\/2f8b737fce677cc406c08a2c29c1ff38","name":"Laura Valean","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\/Laura-Calugar.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96","caption":"Laura Valean"},"description":"Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. She has a 12-year background in broadcast media and joined the CPE-MHN team in 2016. Laura writes and edits in-depth stories on the hottest topics in the real estate industry, but she is also the host of award-winning podcast shows for both brands. Laura holds a B.A. in Journalism and an M.A. in Media Management. \ud83d\udce7 laura.valean@cpe-mhn.com","jobTitle":"Senior Editor","url":"https:\/\/www.commercialsearch.com\/news\/author\/laura-valean\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/DBUV069-DJI-0061.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004274398","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\/238"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004274398"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004274398\/revisions"}],"predecessor-version":[{"id":1004274794,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004274398\/revisions\/1004274794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004274401"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004274398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004274398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004274398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}