Aztec Group Secures $20M Loan for FL Boutique Hotel

CHICAGO, May 15, 2018 /PRNewswire-iReach/ – American Street Capital ("ASC") announced today that it has arranged $10.7 million loan for the 63-room Ivy Boutique Hotel in the Magnificent Mile district of Chicago, IL. Read more..

MIAMI, FLORIDA – Aztec Group, Inc., Florida’s leading real estate investment and merchant banking firm for the past 35 years, announced that Managing Director, Boaz Ashbel, has arranged a $25 million first mortgage, non-recourse loan for the Homewood Suites Hotel in Springfield, Virginia on behalf of Concord Hospitality Enterprises Company.

Aztec Group Inc. secured a $19.15 million loan for a new Fort Lauderdale hotel that will open on the site of the former Escape hotel after reconstruction that will keep the original 1949 facade.

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Concord Hospitality in a Joint Venture with Aztec Group and Mercury Investments Adds 88-Room, All-Suite. is an approved franchisee for Hyatt and Starwood, and also operates an independent boutique hotel. Formed in 1985, Concord was recently listed as one of the top management companies in the.

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Aztec Group Secures $15.2 Million Loan for Miami Springs Comfort Inn. banks are wary of issuing money for new hotels in Miami-Dade County. Yet Aztec Group Inc. managing director Boaz Ashbel.

Aztec Group Secures $20M Loan for FL Boutique Hotel The firm worked on behalf of Newgard Development Group. The financing will be used for the construction of The Gale Boutique Hotel, a 96-key.

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JV or own two Las Vegas casinos outright (not to be split). These are older type properties that enjoy local traffic and poker group loyalty. One has a 50 key hotel. Both need refurbishment and work has been quoted at $15/$25m or $35m for both to bring them back to their glory days. Loan facility lined up at 4.5% interest for renovations.

News Aztec Closes $19.15 Million Loan for New Hotel in Fort Lauderdale This is the second loan in as many years Aztec secures for The Gale Boutique Hotel & Residences.

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