Florida, Michigan, & Tennessee
$32,650,000
RHF acquired a distressed mezzanine loan and subsequently closed on a new forbearance agreement with the borrower. The hotel portfolio is comprised of over 2,000 rooms in Florida, Michigan, and Tennessee, operating under premium Hilton brands. RHF underwrote and closed on the transaction in under two weeks. The acquisition evidenced RHF’s ability to deploy capital in a hotel sector that has been decimated by COVID-19.