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Lodge Granduca in Houston, Texas  Â
JLL Capital Markets represented Transwestern Hospitality Group within the financing for the 122-key resort
JLL Capital Markets introduced right this moment that it organized $30.6 million in financing for the 122-key Lodge Granduca in Houston, Texas.
JLL represented the borrower, Transwestern Hospitality Group, and secured the five-year, floating-rate mortgage from Prime Finance.
The resort boasts a number of facilities, together with two eating choices (Alba restaurant and Il Giardino), a spacious bar and seating space, assembly rooms totaling 2,860 sq. toes and occasion house spanning 2,050 sq. toes, which opens to the courtyard. Moreover, there’s a massive health club out there for company. The resort additionally offers ample floor parking and of out of doors house.
Inbuilt 2006, the six-story resort sits on 3.57 acres of land and options a wonderful Italian-inspired design. Its centerpiece is a landscaped inside courtyard with a pool, backyard, and seating space.
The bottom ground of the constructing will endure renovations within the second half of 2024. The foyer, breakfast space, bar, seating areas and occasion house will probably be fully redesigned, and the health club will probably be relocated. The foyer will probably be remodeled with new supplies and lighting to create a way of luxurious and luxury. The tearoom will probably be became a salon for social and cultural occasions, and a bigger bar will probably be added adjoining to the salon. The present restaurant will probably be moved to an occasion house that opens onto the backyard with a contemporary design and open kitchen idea, and the previous restaurant house will turn into an occasion house and a portion of the car parking zone will probably be transformed right into a tented outside venue. Moreover, the backyard may have designated areas for various gatherings and the outside pool will probably be made extra personal.
Lodge Granduca is a well-maintained boutique resort in a primary location inside strolling distance of eating, procuring and leisure choices. Moreover, it’s conveniently located close to Houston’s high-end residential market.
The JLL Capital Markets crew was led by Senior Director Jillian Mariutti and Managing Director Mark Fisher.
