SpringHill Suites Revere, a recently constructed 168-room select-service hotel located at 400 Ocean Avenue in Revere, Massachusetts, is strategically positioned along Revere Beach within the Greater Boston market. The property benefits from a diverse mix of leisure and business demand drivers, oceanfront amenities and the strength of its Marriott affiliation.
Tremont Realty Capital provided a $40 million bridge refinancing solution tailored to the borrower's objectives, delivering flexible capital secured by a high-quality hospitality asset. The financing highlights Tremont's ability to structure customized lending solutions for newly developed lodging properties in markets supported by durable demand fundamentals.
The transaction was arranged by HREC (Hospitality Real Estate Counselors), reflecting Tremont's continued collaboration with leading hospitality capital markets advisors.