Vision Hospitality Refinances 2 Lookout Valley Hotels

  • Wednesday, April 4, 2018

 Cronheim Hotel Capital (CHC) has arranged a $16 million loan for the refinancing of two hotels in Lookout Valley - a Hampton Inn and a Fairfield Inn & Suites.

Cronheim arranged the 10-year loan with a 30-year amortization schedule and a fixed interest rate of 4.12 percent on behalf of the borrower, Vision Hospitality Group Inc.

The Chattanooga-based company developed the Hampton Inn and Fairfield Inn in 2009 and 2013, respectively.

The properties share a common parking lot and feature business centers, meeting rooms, fitness centers and swimming pools.

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