Cronheim Hotel Capital Arranges $54M Refinancing for Homewood Suites Hotel in Uptown Charlotte for Concord Hospitality

3/11/2025

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REBusinessOnline

• Subcategory: Hospitality: Hotel

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance

• Additional Filters-Tags: Hospitality: Franchise

• Company: Hilton (NYSE: HLT), Concord Hospitality, Cronheim Hotel Capital (CHC)

Cronheim Hotel Capital has arranged a $54 million loan for Homewood Suites by Hilton Charlotte Uptown First Ward, a 211-room hotel located at 508 N. College St. in Uptown Charlotte. Beau Williams and Drew Gilligan of Cronheim Hotel Capital arranged the financing on behalf of the borrower, Raleigh-based Concord Hospitality. The direct lender was not disclosed.