HRC SECURES EQUITY AND DEBT FINANCING FOR NAPA VALLEY HOTEL ACQUISITION

Los Angeles, CA – February 4, 2014

Highland Realty Capital, Inc. (“HRC”) arranged $42,500,000 in bridge financing and $4.5 million in equity for the acquisition of a 74-room boutique located on Hwy 29 in St. Helena, CA. The sponsor, Palmer City-Core Hotels (“PCCH”), a partnership between The Charlie Palmer Group and San Francisco based City-Core Development acquired The Harvest Inn at the end of January for an undisclosed amount.

READ MORE HERE

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *