Paramount Lodging Advisors Arranges Acquisition, Development and Construction Loan in Charlotte, NC

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Paramount Lodging Advisors has arranged the successful sourcing, structuring and closing of an Acquisition, Development and Construction Loan funding the ground-up development of a Courtyard by Marriott hotel. The new 118-key Courtyard will be located at Harris Corners/Charlotte, ten miles north of downtown Charlotte at the I-77 / WT Harris Boulevard interchange.

The hotel design qualifies for LEED certification as part of Marriott's LEED Volume Program.    
Structured senior financing provides the sponsor with the capital needed to move forward with the Courtyard project and an adjoining retail outparcel. The hotel is expected to open in late 2013.

Paramount's Walker Geyer, Managing Director of Capital Markets, secured the loan on the behalf of the developer. Mr. Geyer provides hotel debt and equity capital advisory services nationally to hotel owners, developers and investors. Debt capital includes senior and mezzanine loans, bridge loans and non-recourse financing.

About Paramount Lodging Advisors

Paramount Lodging Advisors is a hotel brokerage and advisory firm specializing in the asset management, debt and equity placement, and transaction of hospitality assets across the United States, Canada, & Europe. For more information about Paramount Lodging Advisors, and to see hotels currently on the market visit http://www.paramountlodging.com

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Anna Hargraves