Fantini & Gorga recently arranged $16 million in financing for the Radisson Manchester Downtown Hotel, a 248-room full service hotel located on Elm Street across from the Verizon Wireless Arena in the heart of the city's vibrant downtown area.
The loan proceeds were used to refinance a maturing note and to provide funds to update a portion of the guestrooms' soft and case goods as well as enhancements to the public areas. The hotel first opened in 1984 and is the only full-service hotel located in Manchester. It is within walking distance of the city's many amenities, including shopping, office, dining and entertainment outlets. The hotel features 26,000 SF of meeting space, an indoor swimming pool and spa, fitness and business centers, two distinct food & beverage outlets and access to a 30,000 SF Expo Center.
The lender was a regional financial institution.
FHA Insured Loan
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