Group arranges $51m deal for hotels.

AFC Hotel Finance Group recently completed $51 million in financing for a portfolio of six hotel properties on behalf of JHM Hotels, Inc.

The funds were used by the South Carolina-based multi-brand hotel company to refinance and generate additional capital for franchise flag hotel properties located in Orlando, FL, Augusta, GA and Greenville, SC, according to Peter Berk, President of AFC Hotel Finance Group, a whollyowned division of the Manhattan-based AFC Realty Capital.

The financing was originated by Mr. Berk and placed with a consortium of two New York-based investment banks.

"JHM Hotels came to us hoping to take advantage of the favorable economic marketplace for lodging facilities," Mr. Berk points out.

"We were able to construct a financing package which allowed them to benefit from historically low interest rates and lock-in long-term fixed rate financing."

Among the properties included in the financing was a portfolio of four hotels in Orlando.

They included a 168-room Hampton Inn, 124-room Residence Inn, 167-room Springhill Suites and 130room Fairfield Inn.

AFC Hotel Finance also arranged financing for a 136-room Courtyard by Marriott in Greenville, South Carolina and a 111-room Hampton Inn located in Augusta, GA.

The AFC Hotel Finance GroUp is a wholly-owned division of AFC Realty Capital, an innovative real estate investment banking firm.