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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. 


diligence.
innovation.
execution.
Contacts

Charles Cronin - President
518-472-4000 ext. 204
axiom@axiom-capital.com

Andrew Kleinberg - Partner
917-710-1505
ajk@axiom-capital.com

Michael S. Del Vecchio - VP of R.E. Finance
518-472-4000 ext. 230
mdv@axiom-capital.com