Cronheim Hotel Capital has tapped Andrew Broad as a senior managing director, adding a veteran broker with deep ties to both the hospitality sector and the capital markets.
An investor has landed a $19.5 million acquisition loan in connection with a five-year-old hotel property in Wayne, according to brokers with Cronheim Hotel Capital.
The owner of a newly updated hotel near Newark Liberty International Airport has refinanced the property, in a deal arranged by Cronheim Hotel Capital.
A developer has secured a $14.6 million construction loan to build a 128-key extended-stay hotel in the Meadowlands, in a transaction arranged by Cronheim Mortgage.
