Hotel Indigo to Open in Huntsville with $20.5M Bridge Loan
Forman Capital has provided a $20.5 million bridge loan for the opening of Hotel Indigo in Huntsville, Alabama. This financing enables ViaNova Development to transition from construction to operation, capitalizing on the area's rapid economic growth.
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Forman Capital has closed a $20.5 million bridge loan to facilitate the opening of Hotel Indigo in Huntsville, Alabama. This loan refinances the construction financing for the five-story hotel located in the MidCity District, which has received its certificate of occupancy and is set to welcome guests soon.
The hotel includes an on-site restaurant, meeting spaces, a fitness center, and pet-friendly accommodations. Huntsville is experiencing substantial growth in its technology, aerospace, and defense sectors, making it a strategic location for hospitality investments. The bridge loan supports ViaNova Development's operational transition, highlighting the demand for quality hospitality assets in expanding markets.
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