US Capital Partners Advises on $7 Million Project Financing for La Quinta Inns & Suites Development
Private investment bank provides project financing for landmark 76-room hotel development in Lodi, California.
SAN FRANCISCO, JANUARY 2016 – US Capital Partners Inc.has advised on well-structured, custom project financing of $7 million for the construction of a La Quinta Inns & Suites hotel in Lodi, San Joaquin County, California. The 40,000 square foot, 76-room hotel will be located at 1136 S. Cherokee Lane in Lodi, a city well-known for being a center of wine grape production.
Headquartered in San Francisco, US Capital Partners is a full-service private investment bank that makes direct debt investments, participates in debt facilities, and has wide distribution for debt and equity private placements. The firm has a history of successful closings in the commercial and residential real estate sectors.
Yogesh Patel, principal at Lodi Vineyards Hospitality, LLC, the developer for the project, said: “We’ve appreciated the creative financing solutions and attention to detail US Capital Partners has delivered while advising us on the development of our project and providing financing options.”
“We are extremely pleased to have advised on this $7 million project financing for a landmark La Quinta Inns & Suites hotel development in Lodi,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “The developer approached our firm for help in securing suitable construction financing and to better understand the various options available to the firm. US Capital Partners provided intelligently structured financing, while successfully increasing the loan-to-value ratio for the project.”
About La Quinta Inns & Suites
Founded in 1968, La Quinta Inns & Suites is a chain of hotels in the United States, Canada, Mexico, and Honduras. Shares in the company are listed on the New York Stock Exchange under the symbol LQ. Headquarters in Irving, Texas, the company owns and operates over 800 properties and franchises approximately 295 under various brand names. Most La Quinta Inns are built with Spanish or Southern architecture.
About US Capital Partners Inc.
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing well-structured, custom finance solutions to private and public companies with up to $250 million in top-line sales revenue or project size. Headquartered in San Francisco, US Capital Partners is a private investment bank that makes direct debt and equity investments between $500,000 and $100 million, participates in debt facilities, and has very wide distribution for debt and equity private placements. The firm also offers financial advisory services for buy-side and sell-side engagements and for capital formation, including early-stage financings requiring equity or debt.
To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, Chairman and CEO, at jsweeney@uscapitalpartners.net or call (415) 889-1010.