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HVS Capital Corp Exclusive Advisor to Shaner Hotel Group

HVS Capital Corp acts as exclusive advisor to Shaner Hotel Group for capital restructuring.

The Shaner Hotel Group successfully completed a $146,700,000 capital restructuring.  HVS Capital Corp acted as exclusive advisor to Shaner in this transaction, while RBS Greenwich Capital provided first mortgages secured by 17 hotels consisting of 2,850 rooms located in 14 states. 

 The completion of this transaction marked a significant event for Shaner’s hotel division, as it will provide additional options and flexibility for future developments, acquisitions and joint ventures.  State College, PA-based Shaner Hotel Group currently owns and manages 22 hotels, consisting of primarily Intercontinental, Marriott, and Hilton brands.