Commack, NY Washington Trust’s Commercial Real Estate Group provided $13.5 million to Commack CHI, LLC, for the refinancing and property improvements of a 143-room Hampton Inn. Bethany Lyons, vice president of Washington Trust’s Commercial Real Estate Group arranged the financing.
Commonly known as the Hampton Inn Long Island/Commack, the five-story, 143-room hotel was built in 1988 and is located within access off of the Long Island Expressway and in close proximity to the Hauppauge Industrial Park – one of the largest industrial parks in the Northeast. The property features an indoor swimming pool, fitness facility, breakfast area, business center, and meeting space. Property improvements will consist of lobby and room renovations including new furnishings, updated technology, and an expanded exercise room.
“Chartwell has been a long-standing, valued client of Washington Trust and we are excited to expand our relationship by providing refinancing for this high performing and strategically placed hotel,” said Julia Anne Slom, senior vice president & team leader of Washington Trust’s Commercial Real Estate Group. “We look forward to seeing the further improvements planned for the property, which will further enhance its success.”
Commack CHI, LLC, is a single asset LLC of Chartwell Hotels. Since 1985, Chartwell Hotels has owned and operated hotels under various flags including the Marriott, Hilton, Starwood, Intercontinental and Radisson brands. Currently, they own and manage eight hotels in the eastern U.S., including four in Williamsport, PA, with others in Wilkes-Barre, PA, Commack, NY, Vestal, NY and Warwick, RI.