October 15, 2015 Comments Off on Meridian Capital Group Seals $44.5M Deal For The Citizen Hotel Views: 332 Bay Area, California News

Meridian Capital Group Seals $44.5M Deal For The Citizen Hotel

America’s most active debt broker, Meridian Capital Group, has negotiated an acquisition financing deal at the tune of $44.5 million for the Citizen Hotel in Sacramento, CA, on behalf of a private equity firm based in Southern California.

Managing Director, Seth Grossman, and Associate, Sarah Kuebler, from the firm’s Carlsbad office negotiated the deal– an interest-only loan, featuring a LIBOR-based floating rate and two one-year extension options following the initial three-year term.

The Citizen Hotel, designed by George Selland in the early 1900s, is a Sacramento landmark that boasts 196 rooms. The property, at closing, was converted to a Marriott Autograph Collection hotel, which according to Grossman, will increase the hotel’s traffic.

Read More at MeridianCapital.com

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