TriGate Capital Completes Acquisition of Southeast Hotel Loan Portfolio

DALLAS, TEXAS –TriGate Capital, LLC closed on the acquisition of a portfolio of hotel loans on December 17, 2020.  The loan portfolio is backed by seven select service and independent hotel properties in the southeast United States, and was acquired at an attractive yield to facilitate a year end close for the seller. The seven hotels are well positioned within its target markets across Georgia, Florida, and North Carolina. Each of the hotels securing the loans are of high-quality construction with major brand representation.  

Matt Rooney, Vice President at TriGate Capital, commented “the loan portfolio is representative of TriGate’s investment strategy to buy loans and assets at discounts to replacement cost. We were able to navigate the complexities of a loan sale transaction and provide the seller certainty of execution.”