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Cronheim Hotel Capital Arranges $18.2M Acquisition Loan for Aloft Hotel in Newport, Kentucky

Summary by REBusinessOnline
NEWPORT, KY. — Cronheim Hotel Capital has arranged an $18.2 million acquisition loan for Aloft Newport, a hotel in the Cincinnati suburb of Newport. Built in 2017, the hotel is a component of Newport on the Levee, a mixed-use development built by North American Properties that is now owned by Atlanta-based Jamestown. The Aloft Newport is situated directly across the Ohio River from downtown Cincinnati via a pedestrian bridge. Cronheim Hotel Capi…
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