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Llenrock Closes Marriott Hotel Loan

HARRISBURG, PA-Llenrock’s investment banking and advisory arm recently closed and placed $8.85 million of financing for a new Marriott Central PA’s main hub.

By Jacqueline Hlavenka | Updated on April 12, 2011

HARRISBURG, PA-After a 90-day review process, Philadelphia-PA based Llenrock Advisors closed and placed $8.9 million in permanent financing for a select service 18-month-old Marriott hotel in the Greater Harrisburg market, Llenrock Founder and Managing Partner Andrew Benioff confirms.

Located just outside the state’s capital city, Benioff says the three-star, four-story hotel offers suites, meeting space and a sky lounge, which has seen much activity due to a recent spur in office development in the area. “Harrisburg itself is a tertiary market, although, in actuality, the hotel is performing extremely well,” Benioff tells GlobeSt.com, in an interview.

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