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Hotel

Permanent Loan - Refinance

  • $8,900,000
  • 114 Key Hotel
  • Norfolk, VA

Axiom Capital Corporation announces the closing of an $8,900,000 permanent loan for the refinance of a 114 key Springhill Suites by Marriott in Norfolk, VA. The hotel is located on the Old Dominion University (“ODU”) campus across the street from the Ted Constant Convocation Center, known as “The Ted” which is a 219,000+ SF multipurpose arena operated by Global Spectrum. The hotel and The Ted are part of “University Village”, which encompasses approximately 75 acres of student housing, restaurants, theatres, offices, residential facilities and research labs that have connections to ODU. All 114 rooms feature kitchenettes with refrigerators and microwaves, plus free WiFi, free wired Internet, sofa beds, and flat-screen TVs with cable channels.