Walker & Dunlop structures USD 14 Million in Acquisition Financing for Newark Airport hotel

Walker & Dunlop, Inc. has announced has provided a USD 14,224,000 senior loan for the acquisition and future repositioning of the 191-key Holiday Inn Newark Airport, the company said.

Situated across the street from Newark Liberty International Airport, in New Jersey, the hotel caters to both leisure and business travelers, offering limited services at a reasonable price to better serve the growing number of on-the-go travelers requiring a short-term stay.

Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties.