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LOAN EXTENSION
Homewood Suites Hotel, Indiana
THG successfully resolved a complex situation for the Homewood Suites Hotel in an Indianapolis submarket, securing a four-year loan extension to ensure stability and preserve long-term value. Facing income pressures from increased competition and inflation, the property will benefit from renewed capital improvements, interest-only debt service, and a multi-year renovation plan for guest rooms and common areas. By maintaining its brand flag and leveraging the franchise’s strong reservation and loyalty programs, the hotel is positioned to rebuild cash flow, outperform competitors, and protect exit value a strong outcome for both borrower and lender.
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