Transaction Overview
George Smith Partners arranged senior bridge financing on behalf of SCP Hospitality for the value-add repositioning of a 176-key exterior corridor facing boutique hotel located in Colorado Springs, CO. Loan proceeds were used to refinance the existing debt and fund a comprehensive capital improvement program under the Sponsor's SCP WildFree brand. The business plan centers on the activation of offline rooms within the existing building, the renovation of common areas, and a comprehensive physical plant refresh. Post renovation, the improvements will elevate the Property's competitive positioning amid strong Colorado Springs market fundamentals and a constrained new supply pipeline.
All loan terms remain confidential.
