By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions
A $15 million select-service hotel refinance typically fits a stabilized 100 to 150 room limited-service or select-service hotel (Hampton Inn, Hilton Garden Inn, Courtyard, Holiday Inn Express, Fairfield) operated by a flag franchisee. Most $15M select-service hotel refis fund through CMBS, specialty hospitality lenders, or bank balance sheet.
Get a Quote on Your $15M Deal →$15M select-service hotel refinances typically fund as a single senior loan with structure based on operating performance.
Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.
Typical $15M select-service hotel refinance sponsors are mid-market hotel operators with 3 to 20 properties. Flag affiliation (Hilton, Marriott, IHG, Hyatt) drives lender appetite.
On a $15.4M refinance of a 124-room Hampton Inn in a Sun Belt suburban market, the sponsor was a multi-property select-service operator. CMBS at 7.85 percent fixed 10-year, 67 percent LTV ($10.3M), with full defeasance.
Anonymized. All deal references protect borrower and lender identity.
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