Vista Capital Structures $47 Million of Financing for the Holiday Inn & Suites in Ocean City, MD
Santa Monica, California - July 9, 2014 - Vista Capital Company announced that it recently arranged and closed $47,000,000 of financing for the Holiday Inn Hotel & Suites located in Ocean City, Maryland. The financing was provided by a US affiliate of a European-based investment bank. It represents Vista's third closing in Ocean City and their fourth oceanfront hotel closing in the last two years, affirming Vista's expertise in financing seasonal, beach-oriented hospitality assets.
Vista Capital was able to negotiate exceptionally favorable, non-recourse, fixed-rate financing with pricing below 5%. "The sponsor was able to refinance an existing loan from 2007," said Zak Selbert, the founding principal at Vista Capital Company. Despite the vastly different underwriting standards of 2014 as compared to 2007, Selbert added, "The borrower benefited from Vista's ability to maximize leverage and seamlessly structure a new financing."
The Holiday Inn Hotel & Suites is a 210-all-suite, thirteen-story, upscale, select-service beachfront hotel, offering an oceanfront pool, an oceanfront children's pool with water fountains, water slides, and a lazy river, an indoor pool in a four-story atrium, three restaurants in indoor and outdoor areas, and approximately 1,000 square feet of meeting space.
About Vista Capital Company
Vista Capital Company is a Los Angeles-based, real estate investment banking firm that specializes in arranging financing for commercial property nationwide. As a real estate capital intermediary, Vista procures tailored capital solutions for their clients through a comprehensive platform of services. Vista ensures that its clients are capable of seizing opportune advantage based upon accurate and smartly synthesized real-time intelligence of available capital.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
