COLUMBUS, OH— RockBridge Capital, LLC has closed on two deals involving three Marriott-branded hotels. In one transaction, RockBridge invested about $3.2 million of equity in the development of a 128-room Courtyard that will soon be formed out of the historic Pennsylvania Hotel in St. Petersburg, FL. RDA Investments, Inc. is developing the hotel, which will feature a restaurant, a lounge, several conference rooms, an exercise room, an indoor pool and a business center. Meanwhile, RockBridge also provided a $7.9-million first mortgage for the acquisition and renovation of two Fairfield Inns in Savannah, GA, and Dayton, OH. Receiving the financing was Long & Cox Properties. The 133-room Dayton property will soon be renovated at a cost of $1.4 million. The 132-room Savannah Fairfield Inn will undergo a $1.2 million renovation.
