AVANA Companies, a private credit lender specializing in commercial real estate lending, has closed a $12.5 million loan for the acquisition of a Hilton hotel in Dublin, Ohio, through its joint venture AVANA-Oaktree Private Credit Partnership with Oaktree Capital.
Ask Dublin Holding, LLC, a long-time client of AVANA since 2005, secured funding to acquire a 126-room Home2 Suites by Hilton that will create jobs and support the local economy. “We see tremendous potential in the Dublin market, and this acquisition aligns perfectly with our growth strategy,” said Mike Desai, Chief Financial & Chief Development Officer of the Palace Group and Ask Dublin Holding, LLC.
Read full article: https://www.connectcre.com/stories/avana-oaktree-partnership-closes-12m-hilton-hotel-deal/
This article was originally published on connectcre.com. Accessed on Mar 25, 2025.
