- Client: US-based hospitality developer
- Challenge: Required full-cycle development funding structure after previous lenders failed to align with project strategy
- Loan Amount: Circa $80M development finance facility
A US-based developer approached Enness seeking a comprehensive funding structure to support a large-scale hospitality-led mixed-use development project with a total financing requirement of approximately $80M. The scheme included a premium hospitality offering alongside complementary commercial elements, requiring a capital structure capable of supporting land acquisition, construction, and longer-term stabilisation financing. The client’s objective was to secure a flexible solution that would evolve alongside the project lifecycle while aligning with wider operational and investment goals.
The client had previously engaged with multiple funding providers who were unable to deliver a structure aligned with the project’s scale, complexity, and long-term vision. The development required lenders capable of understanding both the phased nature of hospitality delivery and the importance of aligning capital with operational stabilisation timelines. Identifying a funding partner able to support the project through multiple stages, while maintaining flexibility across the capital stack, was therefore critical to delivering a workable solution.
Enness structured a tailored development finance strategy designed to support the project from initial acquisition through construction and into stabilisation. Leveraging relationships with specialist lenders active in the US hospitality sector, we arranged a circa $80M funding solution incorporating flexible structuring aligned with development milestones and operational objectives. The facility provided competitive commercial terms alongside a forward-looking framework capable of evolving as the project progressed through construction and into longer-term operational financing.
This case demonstrates how structured development finance solutions can support large-scale hospitality-led schemes requiring multi-phase funding strategies. By aligning lender capability with project delivery timelines and long-term operational planning, Enness provided a flexible capital solution designed to support both immediate construction requirements and the transition into stabilised investment performance.
