News: Financial Digest
Posted: June 9, 2017
Larew Doyle & Associates arrange $15.75m construction financing
Larew Doyle & Associates
Warwick, RI Alan Doyle, principal of Larew Doyle & Associates, arranged $15.75 million in construction financing for a 125-room Hyatt Place Hotel. Construction commenced in early April and completion and grand opening is planned for May 2018. Besides Hyatt’s superior quality amenities, the new hotel will benefit from access to/from I-95 and will be the only hotel in the state to have direct pedestrian access to T.F. Green International airport and its intermodal system.
The hotel is adjacent to the airport’s 2,000 space parking garage and across from the city’s planned 100 acre mixed-use development site which is expected to be improved with commercial, residential and retail developments.
D’Ambra Warwick Hotel, LLC is the developer of this property, which is being financed by a Brockton Massachusetts based lender.
Larew Doyle is a regional commercial real estate financing advisor with offices in Providence, New York City and Syracuse, NY. Experienced institutional investment managers, our seasoned group of professionals provide unparalleled access and client representation to regional and national real estate debt and equity capital markets.
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