Assignment Overview
RobertDouglas advised Waterton and the Orion Companies in securing a $30-million, non-recourse senior mortgage for the acquisition and renovation of The Virginian Lodge in Jackson, Wyoming. The long-term, fixed-rate financing was provided by a national bank.
Property Background
The 170-key independent hotel with 103-stall RV Resort is located on a 12.9-acre site in the heart of Jackson within minutes from the historic Town Square and near world-class outdoor recreation destinations, including Grand Teton National Park and Yellowstone National Park. The Hotel will undergo a transformational renovation and will be repositioned as a boutique, outdoor lifestyle hotel.
Deal Highlights
Client: |
| Waterton and the Orion Companies |
