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RobertDouglas announced today that it represented MCR in its sale of three premium select-service properties to the Braintree Group, which will be managed by Resolute Road Hospitality, The Braintree Group’s preferred management team.
RobertDouglas advised a joint venture between Wexford Lodging Advisors and Trinity Private Equity Group in successfully refinancing its existing loan for the 138-key, all-suites DoubleTree Suites Nashville Airport. The new, non-recourse senior mortgage is $19.2 million and has a five-year term. The floating-rate financing was provided by a leading life insurance company’s real estate credit platform.