By /

$5.65M Wyndham Hotel Refinance & PIP Renovation Loan

Introduction

Unlocking transformation through strategic capital structuring. Amid a rapidly shifting hospitality landscape, Cornovus Capital delivered a $5,650,000 capital solution that transformed a legacy asset into a modern, upscale Wyndham destination. The 131-room full-service hotel in the Mid-Atlantic required a comprehensive Property Improvement Plan (PIP) to meet the brand’s elevated standards—a challenge made more complex by the need to refinance existing debt and maintain liquidity through the transition.

By leveraging its deep expertise in hospitality financing and structured execution, Cornovus Capital crafted a financing package that addressed immediate renovation needs while supporting the property’s long-term business strategy. This transaction exemplifies Cornovus Capital’s ability to deliver clarity, certainty, and execution in capital markets—ensuring that owners can focus on growth while we engineer the financial blueprint behind it.

$5,650,000 in financing for the repositioning and renovation of a 131-room full-service Wyndham-branded hotel in the Mid-Atlantic. The custom financing package supported a complete Property Improvement Plan (PIP), allowing the ownership group to elevate the property to Wyndham’s upscale brand standards while consolidating debt and preserving liquidity.

Challenge

Modernizing a legacy asset to meet brand standards without compromising liquidity. The borrower needed to execute a significant transformation of the hotel, upgrading it to comply with Wyndham’s upscale branding requirements. This involved:

  • Funding a large-scale PIP renovation including guestrooms, public spaces, and infrastructure
  • Consolidating existing debt into a single, streamlined structure
  • Preserving working capital during the renovation phase
  • Enhancing the property’s positioning in a competitive hospitality market

Solution

Purpose-built financing aligned with long-term operational success. Cornovus Capital developed and placed a structured financing solution that aligned with both renovation goals and long-term ownership strategy. The financing package included:

  • A $5.65 million loan covering debt refinance, renovation costs, and repositioning capital
  • An interest-only period during the construction phase to ease cash flow pressures
  • A fully amortizing permanent loan following completion to support financial stability
  • Debt consolidation into a single loan to simplify servicing and improve DSCR

Results

Upscale repositioning achieved with improved financial clarity and market strength. This strategic financing enabled the successful repositioning of the property, delivering a modernized hospitality experience and stronger market competitiveness. Results included:

  • Full completion of Wyndham PIP requirements
  • Streamlined debt profile with reduced servicing costs
  • Improved RevPAR projections and guest satisfaction
  • Strengthened long-term financial and operational stability

About Cornovus Capital

With over 60 years of combined experience, Cornovus Capital is a trusted financial partner specializing in business financing, commercial real estate lending, and hospitality funding solutions. We design customized capital strategies that help businesses acquire, expand, and optimize operations, ensuring long-term growth and financial stability.

Our expertise spans SBA 7(a) and 504 loans, CMBS and LifeCo financing, private capital solutions, and structured debt strategies. By focusing on certainty of execution and closing assurance, we guide businesses and investors through complex financial landscapes, securing funding tailored to their long-term objectives.

Why Partner with Cornovus Capital?

At Cornovus Capital, we understand that complex transactions require sophisticated financing solutions. Whether repurposing commercial assets, structuring high-leverage debt, or integrating municipal incentives, we deliver capital strategies designed for certainty and efficiency.

What Sets Us Apart?

  • Advisory expertise in adaptive reuse, commercial redevelopment, and business acquisitions
    We have a strong history of structuring financing for property repositioning, urban infill projects, mixed-use developments, and real estate acquisitions that support business expansion and operational stability.
  • Innovative capital structuring
    Our financing solutions include non-recourse construction loans, Mini-Perm transitions, and TIF-backed capital stacks.
  • Proven track record across diverse transactions
    Over the years, we have facilitated financing for a wide range of businesses, developers, and real estate investors, helping them secure the capital needed to grow and succeed.
  • End-to-end capital advisory and execution
    From initial underwriting to securing financing, we provide comprehensive transaction support to ensure seamless execution and certainty of funding.

Contact Cornovus Capital

For businesses seeking flexible financing solutions to support expansion, acquisition, or working capital needs, Cornovus Capital delivers expertise, efficiency, and certainty.

📧 [email protected]
📞 513-653-4246
🌐 CornovusCapital.com

Get Financing
Scroll to Top