Cronheim Hotel Capital secures $17 million for acquisition of Home2 Suites in Lake Mary

Lake Mary, FL Cronheim Hotel Capital (CHC) has secured a $17 million permanent loan for the acquisition of the Home2 Suites in. The five-year fixed-rate loan is interest only for the full-term.

The hotel opened in 2024 and is located near numerous demand drivers 20 minutes north of Orlando.

David Turley, president of CHC, said “The CMBS markets remain liquid, although recent geo-political events have increased volatility and created pricing pressures that we are not immune to. Rather than just accept this, we worked closely with the sponsor and the lender to mitigate any impact, including a detailed, line-by-line review of P&L’s, franchise terms and tax assumptions to ensure we delivered the very best deal and left nothing on the table.”