news

Super 8 hotel franchise in Indiana obtains $1.6M acquisition loan through Cornov...

Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati-based commercial real estate and business finance advisory firm, arranged $1.6 million in acquisition funds for a 115-room, three-story Super 8 Hotel. The hotel, which had experienced decreasing revenues, was acquired as a value-add and underwritten based on projected revenues and ownership turnaround experience. Cornovus Capital...

Cornovus Capital arranges an $4.2 million Comfort Inn & Suites refinance loan

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged $4.2 million refinance for a Comfort Inn & Suites, 100-room, three story hotel property. The transaction was structured as an SBA 7a loan, with a 25-year fully amortizing loan schedule. For more than 25 years, Gerard Dehner, Managing Partner, Corno...

Cornovus Capital arranges $4.25MM boutique hotel and restaurant construction loa...

15 Oct Cornovus Capital arranges $4.25MM boutique hotel and restaurant construction loan CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged construction loan financing of $4.25MM for a Boutique Hotel, 25-rooms, 225 seat upscale restaurant, and meeting space. The transaction was structured with an ...

Cornovus Capital arranges $1.8MM to finance hotel renovation and brand transitio...

PHOTOS COURTESY OF RED ROOF INN. Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, arranged $1.8MM in financing for a 25,000-square-foot former Knights Inn Dayton, Ohio to undergo extensive renovations and become part of the Red Roof Inn brand. Following the renovation, the hotel will feature upgrades to its 76 guest rooms, lobby, common spaces, parking lot, and exterior fa...

Cornovus Capital arranges $1.9MM acquisition financing for a Baymont Inn & Suite...

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged acquisition financing of $1.9MM for a Baymont Inn & Suites, 101-room, limited service, interior corridor hotel. The transaction was structured as an SBA 7a loan, with a 25-year fully amortizing loan schedule. For more than 25 years, Gerard De...

Cornovus Capital arranges $5.65M loan to fund hotel brand conversion

When the owners of a 131-room, full-service hotel in Pennsylvania decided to convert from Clarion to the Trademark by Wyndham brand, they turned to Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, a Cincinnati-based commercial real estate and business finance advisory firm. Working through a private-debt fund, Cornovus helped the hoteliers arrange a $5.65 million refinance, repo...