Hodges Ward Elliott has been exclusively retained to market a $18,000,000 non-performing loan package secured by a recently renovated 92-key upscale hotel in a premier tourist destination. The financing consists of a $14,400,000 senior loan and a $3,600,000 junior loan. Proceeds from the loans supported the acquisition and comprehensive renovation of the former property, which was rebranded under a leading global hotel brand's soft collection. The property completed a $31.1 million renovation in 2022, contributing to a total cost basis of approximately $338,000 per key.
Due to events of default, the lender and borrower entered an agreement requiring the borrower to deliver a deed-in-lieu. The loans are offered on an as-is basis, affording buyers flexibility in acquisition strategy. .
Sale Process Timeline
| EVENT: | Date |
| Launch Date: | Thursday, August 21, 2025 | Data Room Open: | Thursday, August 21, 2025 |
| Indicative Bid Date: | Wednesday, September 10, 2025 |
| LSA Posted: | Thursday, September 11, 2025 | Final Bid Round Invitation: | Friday, September 12, 2025 | LSA Comments Due: | Friday, September 19, 2025 | Final Bid Date: | Thursday, October 9, 2025 | Bid Award: | Friday, October 10, 2025 | LSA Signed / Deposit: | Tuesday, October 14, 2025 | Final Bid Date: | Thursday, October 9, 2025 |
| Closing: | Tuesday, October 21, 2025 |
Investment Highlights
Secured by the hotel's real property, improvements, FF&E, and related assets, with a clear path to title via deed-in-lieu, bypassing formal foreclosure.
Affiliated with a premier global hotel brand's soft collection, providing access to extensive loyalty programs and distribution channels, with lender provisions to renew or terminate the agreement.
Opportunity to acquire the debt at a material discount to the borrower's recent $338,000 per key renovation spend and overall historical investment.
Prime downtown location overlooking a scenic lake in a major protected natural area attracting over 12 million annual visitors, with walkable access to diverse year-round outdoor recreation, dining, and cultural attractions.
Limited supply risk, with no new competitive hotel developments entering the market.