Veritas Financial Provides $2.8M Term Loan to Limited Service Hotel
Friday June 14th, 2013 - 10:06AM Z
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
BOCA RATON, FL—Vertias Financial Partners, LLC, has closed a $2.8 million term loan to Limited Service Hotel and Restaurant.
The term loan is in support of the hotel’s change in ownership and brand conversion. The Veritas credit facility helped the investor group to meet the deadline to complete the acquisition as well as provide the necessary liquidity to convert the Limited Service Hotel and Restaurant into a national brand.
Tags: • Hospitality • Investment Funds •
As we begin 2015, and what is expected to be a healthy year for the hotel industry with expansion, progress and innovation as key catalysts for growth, Hotel Business is right on board with that momentum, bringing you, with this issue, our own updated product.