The hotel is located within the broader Papago Plaza development and benefits from its proximity to a variety of business, entertainment and tourism destinations throughout the Scottsdale area. Tremont's financing provided the sponsor with a refinancing solution tailored to a recently completed hospitality asset.
This transaction highlights Tremont's ability to finance newly developed hospitality assets that benefit from diverse demand sources and strong market positioning. By structuring a flexible bridge loan, Tremont provided capital designed to support the sponsor's evolving ownership strategy.
The transaction was brokered by JLL, reinforcing Tremont's ongoing collaboration with leading hospitality capital markets advisors.