JLL’s Hotels & Hospitality Group arranged the financing for five hotels located in strong secondary markets across the U.S.
News release
04 March 2025
$43M financing secured for premium select-service and extended-stay hotel portfolio
NEW YORK CITY, Mar. 6, 2025 – JLL’s Hotels & Hospitality Group announced today it has arranged $43 million in financing for a portfolio of five premium select-service and extended-stay hotels located across five states. The portfolio totals 554 rooms and consists of Marriott and Hilton branded properties.
The JLL Capital Markets team represented the borrower, American Hotel Income Properties REIT LP, to secure the five-year, fixed-rate loan through J.P. Morgan.
The hotels are situated in strong secondary markets with diverse demand generators, including Hanover, Maryland; Neptune, New Jersey; Milford, Connecticut; Titusville, Florida; and Pittsburgh, Pennsylvania. The properties benefit from their proximity to major airports, universities, corporate offices and tourist attractions.
The hotels feature modern guest rooms, fitness centers, business centers and complimentary breakfasts. Several properties also offer meeting space to accommodate business travelers and events. Additionally, the portfolio benefits from its affiliation with leading global hotel brands and are managed by Aimbridge Hospitality, the world's largest third-party hotel operator, under a master hotel management agreement.
According to JLL’s U.S. Select-Service and Extended-Stay Hotel Outlook 2025, the U.S. select service hotel sector has shown resilience, with RevPAR for the sector reaching a record high of $78 in 2024 and demand projected to surpass 2019 levels by the end of 2025.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About American Hotel Income Properties REIT LP
Founded in 2013, American Hotel Income Properties REIT LP (“AHIP”) is a limited partnership formed under the Limited Partnerships Act (Ontario) to invest in hotel real estate properties located in the U.S. AHIP’s portfolio consists of 67 premium branded, select-service and extended stay hotels in secondary markets with diverse and stable demand generators. AHIP’s long-term objectives are to deliver monthly U.S. dollar denominated distributions to unitholders and add value through asset management and growth of its diversified hotel portfolio. Guided by a disciplined investment strategy, AHIP offers investors a unique vehicle to realize sustainable returns and growing value through hands-on asset management of its portfolio.