CHARLOTTE, NC— Hospitality Ventures, LLC has obtained a $4.9-million first mortgage for the acquisition and renovation of the 116-room Residence Inn here. RockBridge Capital LLC provided the financing, the sixth time it has done so for a Hospitality Ventures’ acquisition. The hotel is scheduled to be renovated at a cost of $1.8 million. The renovation project will involve the asset’s exterior, guest suites and gatehouse. The hotel’s 80 original suites will be completely updated with new soft and case goods. Meanwhile, the property’s newer suites will simple receive cosmetic changes. The project will also incorporate the installation of Marriott’s new bedding package for the Residence Inn brand.
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