The credit facility, secured by 28 operating hotels, carries a three-year term and replaces the REIT's previous $140 million line.
Winston's previous $140 million line of credit expired earlier this month, according to the company's third quarter filing with the Securities and Exchange Commission.
Other banks involved in the line of credit are Winston-Salem, NC-based BB&T Corp., SouthTrust Corp. of Birmingham, AL and RBC Centura Banks Inc. of Rocky Mount, NC.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
