Gantry has arranged a $13.5 million permanent loan to refinance the Hampton Inn & Suites in Kent, Washington, addressing maturing debt and enabling the return of several million dollars in equity to investors. The hotel is located at 21109 66th Ave S in Kent, just south of Seattle, and sits less than five miles from Seattle-Tacoma International Airport.
The four-story hospitality asset contains 95 rooms and spans 60,500 square feet. Its location provides proximity to a concentration of major regional employers, including Amazon, Boeing, Flow International, and Sysco, which contribute to demand generators for the property. The refinance follows the completion of a comprehensive performance improvement plan at the hotel.
The new financing replaces existing maturing debt on the property and monetizes some of the value created by the improvement effort, allowing investor equity to be returned. According to Gantry, the strategic performance improvement plan has successfully strengthened the hotel’s operating results, improving metrics relevant to both debt service and valuation.
The financing was secured by Gantry Director Drit Shoemaker from the firm’s Seattle production office, who represented the borrowing entity. The borrower is described as a private real estate owner and manager, with no additional ownership details disclosed in the announcement.
The loan is structured as a five-year, synthetically fixed-rate facility provided by a regional bank lender. It features a 25-year amortization schedule, positioning the capital as long-term, senior debt on the stabilized hospitality asset. While specific pricing and leverage terms were not disclosed, the structure reflects a permanent loan execution rather than short-term bridge financing.
Shoemaker noted that the success of the recently completed strategic performance plan at this Hampton Inn location was a key factor supporting the refinance. The improved performance helped enhance key credit and valuation metrics, making it possible to both retire the maturing loan and return equity to investors under the new capital structure. No additional details were provided regarding the lender, specific loan terms, or future plans for the property.
