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Colliers International Arranges $18.5M Refinancing For Cambridge’s Hotel Tria

Aug 19, 2013 | Reprints | Unlock Link | Print

Colliers International has arranged an $18.5-million, 15-year, fixed-rate first mortgage for the newly expanded and renovated Hotel Tria in Cambridge.

Working on behalf of KW Development LLC, Colliers secured the first mortgage from a local bank to refinance existing debt.

Hotel Tria is a four-story, 121-room boutique hotel located at 220 Alewife Brook Parkway.

Colliers’ Capital Markets team was led by Co-Chairman Kevin Phelan and Senior Vice President John Broderick.

Commercial & Industrial