Access Point Financial (APF), a direct capital provider focused exclusively on the hospitality industry, was involved in more than $2 billion in hotel financing in 2024, a record year for the company. The transactions were a combination of approximately $0.5 billion in direct bridge and mezzanine loan commitments, as well as participating in $1.6 billion of SASB hotel originations via the purchases of HRR/G/H and bond classes for hotel specific CMBS refinancings.
“2024 was a year of growth for Access Point, and not simply in terms of dollars financed or deals completed but also the sheer diversity of hotel deal types,” James Reivitis, chief development officer, APF, told Hotel Business. “We expanded our capabilities, strengthening our ability to do more and varied transactions across the board. There are not a lot of hotel capital providers that get equally excited about a $15-million single-asset select-service hotel loan, a $100-million city center asset and a $250-million nationwide portfolio. We want to be the solution for all those owners.”
2024 transactions included:
- Marriott portfolio, Mid-Atlantic: $53M
- Hilton portfolio, FL: $44M
- Marriott portfolio, SC: $60M
- IHG portfolio, IL: $35M
- Construction loan/Extended-stay brand, CA: $18M
- MCR Portfolio, nationwide: $90M/CMBS
- Atrium Portfolio, nationwide: $133M/CMBS
“We expect the financing market to further heat up in 2025 as more debt maturities come due and existing lenders aren’t willing to extend,” said Reivitis. “Additionally, interest rates are not forecasted to materially decline, and with many properties requiring brand-mandated PIP’s, hotel owners will need to weigh their options and be communicating with groups like ours about actionable solutions.”
“We feel this could potentially be a multi-billion-dollar year for us, and we have the capacity to work with anybody who needs a capital solution. We look forward to working with new and existing partners moving ahead.”
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