Phillips of Largo Real Estate Advisors Inc. arranges $12 million loan to refinance 102-room Staybridge Suites

Amherst, NY Jack Phillips of Largo Real Estate Advisors Inc. arranged a $12 million loan to refinance the 102-room Staybridge Suites.

The property operates under a newly extended IHG franchise agreement and is owned by a strong and experienced hospitality sponsor with a long-standing presence in the Western New York market. The Staybridge Suites brand is well-positioned within the extended-stay segment, offering amenities and suite configurations that attract both corporate and leisure travelers.

Amherst is one of Western New York’s most active commercial and residential submarkets, benefiting from proximity to the University at Buffalo, major medical institutions, and established corporate demand generators in the region.

Largo Capital continues to actively finance hospitality assets across New York and throughout its national lending platform.