Hampton Inn in Commack secures $13.5M refinancing for upgrades

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
Photo Illustration of Urban Edge CEO Jeff Olson and Sunrise Mall in Massapequa, NY. (Getty, Urban Edge)
Unibail-Rodamco-Westfield sells Long Island mall for $29.7M
Unibail-Rodamco-Westfield sells Long Island mall for $29.7M
Nassau Coliseum and Nick Mastroianni (Getty)
Nassau Coliseum leaseholder Nick Mastroianni touts “pent-up demand” for events, but boost may be temporary
Nassau Coliseum leaseholder Nick Mastroianni touts “pent-up demand” for events, but boost may be temporary
TRD’s favorites wines, spirits and non-alcoholic beverages. (Getty, Amazon,
These nine drinks will help you toast the new year
These nine drinks will help you toast the new year
Mahnaz Zahedi pictured with her parents in 1962 (inset) and  444 E Alexander Palm Road (Getty, Zillow)
Hotelier buys waterfront Boca Raton home for $6M
Hotelier buys waterfront Boca Raton home for $6M
Long Island is aiming to keep the business it grabbed from the city during the pandemic, and it now knows how. (iStock)
Long Island plots to keep its pandemic gains from NYC
Long Island plots to keep its pandemic gains from NYC
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)
J.C. Penney to keep Bay Shore outpost open for now
J.C. Penney to keep Bay Shore outpost open for now
The Uniondale Marriott and Ten-X's Matthew Schreck (Credit: LinkedIn)
Long Island’s hotel market could be headed for a downturn
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
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
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...