LLENROCK GROUP SOURCES $2.5 MILLION JOINT VENTURE EQUITY INVESTMENT FOR COURTYARD BY MARRIOTT IN HERSHEY, PA
PHILADELPHIA, PA (March 22, 2016) – Llenrock Group, an independent real estate finance and advisory firm, is pleased to announce it has secured $2,500,000 in a joint venture equity investment as well as assistance with the management and co-development for a 120-room Courtyard by Marriott hotel in Hershey, PA.
The client had very limited hotel development and operational experience so the importance of the equity sourced is not only found in the joint venture aspect of the transaction but also in Llenrock Group’s ability to connect the sponsor to an equity source that could provide them with valuable hotel management and development expertise as well.
For additional information or to schedule an interview with a Llenrock representative, please contact Tatiana Swedek at 267.351.6699.
About the Company
Llenrock Group is an independent real estate advisory and investment- banking firm in Philadelphia. As a leading capital markets firm, Llenrock provides real estate debt, equity joint venture partnerships and advisory services for projects from $5 million to $100 million nationwide. For more information, please visit Llenrock.com.