### AVANA-Oaktree Partnership Closes $12.5M Hilton Hotel Deal in Dublin, Ohio
AVANA Companies, a private credit lender specializing in commercial real estate lending, has finalized a $12.5 million loan for the acquisition of a Hilton hotel in Dublin, Ohio. The transaction was completed in partnership with Oaktree Capital through their joint venture, AVANA-Oaktree Private Credit Partnership.
Ask Dublin Holding, LLC, a long-time client of AVANA since 2005, secured the funding to purchase a 126-room Home2 Suites by Hilton. This acquisition is expected to create jobs and contribute to 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.
AVANA Companies aims to provide capital to experienced hotel operators, fostering economic growth in communities nationwide. “Private credit continues to become more valuable for the hospitality industry, offering the speed, certainty of closing, and tailored solutions that entrepreneurs need in today’s dynamic market,” said Sundip Patel, CEO and Co-founder of AVANA Companies.
