WhereDaily News: DPG Investments, LLC and Affiliates Structure Over 95 Percent of Capital Stack for Phoenix Hotel Acquisition
SCOTTSDALE, AZ--(Marketwired - Aug 18, 2014) - DPG Investments, LLC and affiliates are proud to announce another successful capital structuring and closing. DPG structured $9 million in limited partner and senior debt capital for the acquisition and renovation of a full service commercial hotel in Phoenix. DPG financed in excess of 95 percent of the costs. The property contains 284 rooms as well as restaurant, meeting and banquet space. After renovation the property will be flagged with a national brand.