Joel Hiser Hotel Broker & Loan Specialist: Recently sold the Super 8 located in Medford/Central Point, Oregon
Scope of Work:
Successful Sale and Financing – Super 8 Inn, Medford/Central Point, Oregon
Description of Project:
Joel Hiser, a Hotel Broker & Loan Specialist in the San Francisco office of HTL Hospitality Advisors, is pleased to announce the recent sale and financing of the Super 8 Inn – Medford, Oregon. The three-story, interior corridor Hotel located just off Interstate 5 near the Rouge Valley International Airport and the Jackson County Expo & Fairgrounds consists of 79 guestrooms, an indoor pool & water slide, meeting space and is situated on approximately 2-acres of land. HTL also arranged a $3,782,500 SBA 7a loan for the buyer to complete the acquisition with a Salt Lake City based lander. HTL represented both the seller, KJARRY LLC headquartered in Montana and the California based buyer, Dataar LLC in the transaction. The buyer of the Hotel plans to complete a renovation and continue to operate it as a Super 8 Inn.