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]
Hampton Inn in Commack secures $13.5M refinancing for upgrades
