Creative Media & Community Trust Corporation (CMCT) announced the closing of a $92.2 million loan for its Sheraton Grand Sacramento Hotel. This financing event provides significant capital for the company's hotel segment.
The loan is secured by the Sheraton Grand Sacramento Hotel, a key asset within CMCT's portfolio. This move reflects the company's ability to secure substantial debt financing for its properties.
This financing is expected to support the ongoing operations and potential future strategic initiatives for the hotel property. It contributes to CMCT's overall financial management and liquidity profile.
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