Boston-based Fantini & Gorga has arranged $32 million in financing for the Marriott Courtyard and Holiday Inn Express hotels in Waltham.

The properties, owned and operated by the Park Lodge Hotel Group, are located on the same land parcel at the intersection of Route 128 and Winter Street in Waltham. The loan proceeds were used to refinance a maturing note and to provide funds for a 51-room addition to the Courtyard. Keith Wentzel, Jason Cunnane and John Gorga of Fantini & Gorga arranged the loan.

The 108-room Holiday Inn Express was developed by Park Lodge Hotel Group and originally opened in 1965. The hotel was fully renovated and reflagged as a Holiday Inn Express in May 2001. The 119-room Marriott Courtyard, located adjacent to the Holiday Inn Express, was developed by the sponsor and opened in 2002.