Indianapolis, IN - A Cincinnati-based commercial real estate and business finance advisory firm, Cornovus Capital, has successfully arranged $1.6 million in acquisition financing for a 115-room, three-story Wyndham Franchise Hotel. Formerly experiencing declining revenues, this property was acquired as a value-add opportunity, with the underwriting centered on projected revenues and the new owners...
Read MoreNashville, TN – Cornovus Capital, a Cincinnati-based commercial real estate and business finance advisory firm, is pleased to announce the successful arrangement of a $1.8 million refinance package for an existing hotel property. In addition to retiring the property’s current debt, this financing includes a dedicated budget for a Property Improvement Plan (PIP), ensuring the hotel can complete...
Read MoreCincinnati, OH – Cornovus Capital, a Cincinnati-based commercial real estate and business finance advisory firm, is pleased to announce the successful arrangement of a $4.2 million refinance for a 110-room, three-story Comfort Inn & Suites. The transaction arrives at an ideal time, as the property has recently completed a comprehensive renovation encompassing all required brand-standard enhancem...
Read MoreCINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged construction loan financing of $8.3 million for a Hampton Inn & Suites, 85-room, four-story hotel property. The transaction was structured with an 18-month construction term, converting to a 10-year term on a 25-year amortization schedule. For more...
Read More15 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 ...
Read MorePHOTOS 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...
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