ATC Managers Closes $13 Million Loan for New Luxury Hotel Construction
Dallas, TX — December 9, 2024 — ATC Managers, LLC has announced the successful closing of a $13 million loan to fund the ground-up construction of a new 100-room luxury hotel in the heart of Dallas. This financing initiative demonstrates ATC Managers' commitment to fostering growth in the hospitality sector and supporting innovative projects that boost the local economy.
"We are thrilled to be a part of bringing this exceptional hotel project to Dallas,"
said Vanmatre, CEO of ATC Managers, LLC.
"Our financing solutions are designed to empower visionary developers to make significant contributions to the city's growth and hospitality excellence."
The Senior Secured Construction Loan provided by ATC Managers features a fixed interest rate of 8.7% for 24 months, with two options to extend the loan by an additional six months each.
Construction of the hotel is set to begin immediately, aiming to offer an unparalleled guest experience with amenities including: 50 Standard King Rooms, 40 Double Queen Rooms, 10 Luxury Suites, a Grand lobby with 24-hour concierge services, fine dining restaurant and café, state-of-the-art conference and meeting facilities, wellness center with fitness facilities and an outdoor swimming pool.
For further information about ATC Managers and our financing solutions, please contact:
