HORSHAM, PA- GMAC Commercial Mortgage has provided $5.8 million in financing to Airport F.I., LLC, secured by a Fairfield Inn hotel in Morrisville, NC. The five-story hotel contains 112 units and is located on a 2.17-acre lot. The hotel, built in 1998, has an average occupancy rate of 72%. Amenities include an indoor pool and spa and an exercise room. GMACCMs Washington, D.C. Hospitality Division arranged the transaction. (8/18/00) Source: GMAC Commercial Mortgage
