According to CBC News, the city of Calgary has announced its plans to convert three downtown towers into residential housing and hotel units.
Knightstone Hotel Group Inc. to begin offering Canadian hotel debt financing
Knightstone Hotel Group (KHG) has announced its plans to offer senior and mezzanine debt financing to qualified hotel and resort owners seeking alternate financing sources.
KHG’s lending program is designed to provide short-term capital solutions for the purpose of:
Brand-mandated renovation programs
Strategic capital investments
Other special situations
General loan parameters include:
Target loan size: $5 million to $15 million
Term: 6 to 24 months
To discuss other details of a potential loan and see if you are eligible for funding, please reach out to: info@k‑caphotels.com.