Access Point Financial (APF) announced that it has provided a $29.25 million bridge loan to American Hotel Income Properties (AHIP), a publicly traded real estate investment trust based in Vancouver, Canada.
The financing is secured by a three-hotel portfolio that includes the 113-room Courtyard by Marriott Wall at Monmouth Shores Corporate Park in New Jersey, the 81-room Courtyard by Marriott Tampa North/I-75 Fletcher in Florida, and the 80-room Fairfield Inn & Suites Orlando Ocoee in Florida.
The proceeds will be used to refinance the portfolio and support renovation efforts. All three properties operate under long-term Marriott franchise agreements and benefit from strong locations and multiple demand drivers.
According to Access Point Financial, the transaction marks the second financing completed with AHIP in recent years, underscoring the firm’s focus on maintaining long-term relationships with hospitality owners and operators.
Founded in 2011 and headquartered in Atlanta, Access Point Financial is a multi-billion-dollar real estate private credit firm specializing in the hospitality sector. The firm provides senior debt, construction debt, mezzanine financing, and preferred equity solutions to hotel owners and franchisees across the United States.
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“This marks our second transaction with AHIP in recent years, a testament to the relationships APF prides itself on establishing and maintaining. We continue to seek best-in-class sponsors looking to expand and/or reinvigorate their portfolios. We remain well-capitalized with deep expertise in the hospitality industry.”
“The three hotels are flagged by Marriott under long-term franchise license agreements. These are well-performing hotels that benefit from strong locations and multiple demand generators. The flexible financing will benefit ownership, offering hold/sell optionality.”
Nicholas L. Meli, Managing Director of Access Point Financial
