ORLANDO—The Holiday Inn Daytona Beach, a 96-room hotel in Daytona Beach, FL, just secured a $5.4 million loan. HFF arranged the financing for the borrower, Linchris Hotel Corp.
MC-Five Mile offered the 10-year, fixed rate loan. HFF managing director Greg LaBine and director Michael Weinberg led the debt placement team that arranged the financing. The firm will also service the loan.
“Momentum from debt capital providers continues to grow for all major product types in Florida,” Weinberg tells GlobeSt.com. “We are consistently amazed by the amount of liquidity, particularly the rebound of interest in the hotel sector.”
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