August 27, 2022

Cornovus Capital arranges $1.8MM to finance hotel renovation and brand transition project

Posted in closed-transactions, business-financing, sba-7a-finance, hotel-finance, by Editor

 

PHOTOS COURTESY OF RED ROOF INN.

Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, arranged $1.8MM in financing for a 25,000-square-foot former Knights Inn Dayton, Ohio to undergo extensive renovations and become part of the Red Roof Inn brand. Following the renovation, the hotel will feature upgrades to its 76 guest rooms, lobby, common spaces, parking lot, and exterior façade.  The hotel is ideally situated near I-75, the University of Dayton Arena, University of Dayton, and the Fuyao Glass America plant.

For more than 25 years, Gerard Dehner, Managing Partner, Cornovus Capital, has arranged transaction financing for commercial real estate and business owners across the country. We work with established, long-term relationships, including Debt Funds, SBA, CMBS, Life Insurance Companies, Hedge Funds, Private Capital, Regional and National Banks. Cornovus Capital focuses on debt placement for improved commercial real estate properties, with a specialization in multifamily reposition, hospitality properties, and business finance transactions nationwide. ​

For more information, contact Jerry Dehner at (513) 792-2727 or visit www.CornovusCapital.com.

 

Tags: business-finance, finance-my-hotel, hotel-acquisition, hotel-finance, hotel-pip-financing, hotel-refinance, sba-7a-financing, finance-my-hotel-with-an-sba-loan, owner-occupied-financing, sba-financing,