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News release


Lenders Focused on Well-Branded, Cash-Flowing Assets

JLL’s Hotels & Hospitality Group secures acquisition financing for the 10-property Marriott Midwest Select Service Portfolio

CHICAGO, Feb. 24, 2016 – On behalf of a partnership between Interstate Hotels & Resorts, Inc., Waramaug Hospitality and Gatehouse Capital, an advisory client of Arch Street Capital Advisors, JLL’s Hotels & Hospitality Group today announced the firm has secured acquisition financing for the 10-property Marriott Midwest Select Service Portfolio, which totals 1,103-keys across suburban submarkets in Minneapolis, Milwaukee and Detroit. Principal Global Investors LLC and Macquarie Group provided the five-year, interest-only fixed-rate CMBS loan. 
Executive Vice President Kevin Davis led the JLL team on the transaction.

“This portfolio presented an excellent opportunity to finance branded, institutional-quality assets located in high-growth Midwest markets,” said Davis. “Despite the recent volatility in the debt markets, lenders remain very interested in financing moderately-levered, cash-flowing assets with strong flags.”
The portfolio is comprised of seven TownePlace Suites and three SpringHill Suites hotels. The properties are located in diverse, corporate-centric submarkets with limited select-service supply growth.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling more than $68 billion worldwide. Between negotiating the world’s most extraordinary, enticing, and profitable property deals, the group’s 350-strong global team also closed more than 4,400 advisory, valuation and asset management assignments. Investors worldwide turn to JLL to shape their strategies, tailor their portfolios and maximize the value of their assets. We are recognized as the global leader in real estate services across hospitality properties of all shapes and sizes. Our expert advice is backed by industry-leading research. We apply our broad spectrum of hotel valuation, brokerage, asset management and consultancy services through every phase of the hotel lifecycle. We have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world. Whether you are looking for a hotel or you're ready to sell, we'll use our capital markets expertise, hospitality industry knowledge and global relationships to put the right parties together and execute a bespoke deal that exceeds your objectives.
To find out more, talk to JLL:
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit
About Gatehouse Capital
Gatehouse Capital K.S.C.C. (“Gatehouse Capital”), is a Kuwait-based investment advisory firm and part of Gatehouse Financial Group Limited (“Gatehouse”).  Founded in 1998, Gatehouse Capital has focused on Global Real Estate Investments as well as Wealth Management Services. Gatehouse advises on transactions with assets based in the United States and United Kingdom. For more information please visit
About Arch Street Capital Advisors, LLC
Arch Street Capital Advisors, LLC is a full service real estate investment and advisory firm founded in 2003. Arch Street specializes in advising international investors on their U.S. real estate strategies and has advised clients on more than $5.5 billion of transactions. On behalf of its clients the company manages a diverse portfolio of investments spanning multiple real estate sectors and risk-return profiles. The company possesses significant transactional experience and expertise servicing the needs of Sharia-compliant capital.
For more information please visit