sheraton silver spring hotel
Thorofare Capital Funds $16 Million Bridge Loan to Refinance Sheraton Silver Spring Hotel in Silver Spring, MD
Thorofare Capital | August 28, 2018
Los Angeles, CA (August 28, 2018) — Thorofare Capital (Thorofare), through its bridge lending platform, has provided an affiliate of Integrated Capital LLC with a $16 million short-term senior loan for the refinance of the Sheraton Silver Spring Hotel in the Washington D.C. metro area submarket of Silver Spring, MD. Located at 8777 Georgia Avenue, the 229-room, 16-floor full-service hotel was built in 1971 and renovated in 2017. It is managed by Atlanta-based Davidson Hotels & Resorts, one of the largest privately held management companies in the lodging industry. Proceeds from Thorofare's 12-month, interest only, non-recourse...
Integrated Capital Completes $7.5 Million Renovation of Maryland’s Sheraton Silver Spring Hotel
Integrated Capital, LLC | March 16, 2017
SILVER SPRINGS, MD (March 16, 2017) – The Sheraton Silver Spring Hotel announces the completion of a $7.5 million renovation project, which included the addition of a fully licensed Starbucks and upgrades to the public space areas and the 18,000 square feet of meeting space, as well as the just-finalized refresh of the hotel's 229 guestrooms and suites. The hotel's guest corridors have also been modernized, and Wi-Fi has been enhanced to increase speed and accessibility for guests. The updated rooms now feature an energetic style that maximizes daylight while blending the property's urban setting with a contemporary flair. Guests ...
