Jones Lang LaSalle Inc.'s Hotels & Hospitality Group has arranged $167.7 million in refinancing for a 15-property WoodSpring Suites portfolio, totaling 1,829 keys across Michigan, Tennessee, North Carolina, and Florida. The borrower, a partnership between Whitman Peterson and affiliates of Concord Hospitality Enterprises Company, secured a floating-rate, five-year loan through CIM Group. The financing package includes $117.7 million in initial funding with an additional $50 million available for earn-out opportunities and asset additions. The properties, all newly constructed within the past two to five years, are located in high-performing markets and are expected to benefit from continued strong demand for extended-stay accommodations.

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