JLL Capital Markets led financing efforts for the hotel in the Lake Tahoe Region of California
News release
01 December 2023
$22.5M acquisition financing secured for The Hampton Inn & Suites, Tahoe-Truckee
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SILICON VALLEY, Dec. 1, 2023 – JLL Capital Markets announced today that it arranged $22.5 million acquisition financing for The Hampton Inn & Suites, in Truckee, California.
JLL worked on behalf of the borrower, JMA Ventures, LLC, to secure the acquisition loan from MetLife Investment Management, a lender with an expertise in hospitality lending, led by Mike Pace, Mike Coen, and Dan McKenzie.
The property features 109 guestrooms and suites across two buildings, a heated outdoor pool and jacuzzi, fitness center and over 1,000 square feet of meeting space. It is in Truckee, a High Sierras California mountain town, which is popular for visitors driving from the San Francisco Bay Area and is the gateway to Lake Tahoe.
The Hampton Inn & Suites, Tahoe-Truckee provides convenient access to major transportation routes including I -80, CA 267, the Truckee Airport, as well as newly constructed bike lanes. The property is situated by popular tourist attractions and prime destinations in the area, such as Northstar and Palisades Tahoe ski resorts, Martis Camp, Old Town and a host of outdoor activities.
The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Jordan Angel, Executive Vice President Mike Huth and Associate Ethan Habecker.
“This acquisition continues to grow JMA Ventures footprint in the Tahoe market and offers guests the opportunity to enjoy beautiful accommodations in a market with very limited supply.” says Angel.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About JMA Ventures, LLC
JMA is a full-service investment and development firm focusing on real estate and leisure-lifestyle assets. JMA works on every project scope from concept and entitlement through completion and operation. Founded in 1986 and based in San Francisco, JMA has focused on delivering superior risk-adjusted returns to its investors while providing quality products and improving the communities and environments in which the firm conducts its business. The company's portfolio includes landmark properties that span hospitality, resort, destination, residential, retail, office and commercial developments. To learn more about JMA Ventures, please visit http://jmaventuresllc.com.