Hampton Inn in Commack secures $13.5M refinancing for upgrades

TRD New York /
Apr.April 22, 2019 03:51 PM

Washington Trust’s commercial real estate group has loaned $13.5 million to Commack CHI, LLC, to refinance and improve its 143-room Hampton Inn in Commack, according to REBusinessOnline and a press release from the Westerly, Rhode Island-based bank. The hotel, which is also known as the Hampton Inn Long Island/Commack, has five stories, an indoor swimming pool, gym, eatery and business area. Commack CHI hopes to improve the hotel’s lobby and rooms, update its technology and expand its exercise facilities. Commack CHI has been owned by Chartwell Hotels since 1985. The latter operates eight hotels in New York, Pennsylvania and Rhode Island. Washington Trust’s commercial real estate group, which is active in the Tri-State area, helps finance real estate projects of various sizes. [REBusinessOnline]


Related Articles

arrow_forward_ios
The Uniondale Marriott and Ten-X's Matthew Schreck (Credit: LinkedIn)

Long Island’s hotel market could be headed for a downturn

Home sales up nearly 10% as Nassau and Suffolk inventory swells, Airbnb hosts could make $255K during PGA event & more Long Island real estate news

Home sales up nearly 10% as Nassau and Suffolk inventory swells, Airbnb hosts could make $255K during PGA event & more Long Island real estate news

Placeholder image

Potential traffic from New Hyde Park revitalization plan irks local residents

Placeholder image

North Babylon apartment plan altered to secure IDA funds, appease neighbors

Placeholder image

Former Superfund site in West Islip bought for $2.45M ahead of development

Placeholder image

Cedarhurst-based Postal Realty Trust seeks to raise $100M in IPO

Placeholder image

Airbnb hosts could make up to $255K from PGA Tour event at Bethpage Black

Placeholder image

Long Island home sales up nearly 10 percent in April as inventory swells

arrow_forward_ios
Loading...