LOS ANGELES– Hospitality Capital Partners, an acquisition/financing joint venture between the Procaccianti Group and Realty Financial Partners, has placed the funds first hotel mezzanine/first mortgage bridge loan and acquired two non-performing hotel loans aggregating up to $16 million. The fund provided first mortgage and mezzanine financing to recapitalize and renovate the 184-room Holiday Inn Select Atlanta-Decatur in GA. The fund has also acquired two non-performing notes secured by two Holiday Inn hotels in the northeast. The $175 million fund was formed in December 2004.
