Cases & Deals

Wells Fargo provides $370 million syndicated loan secured by 30 limited-service hotels

Clients Wells Fargo Bank, National Association and Wells Fargo Securities, LLC

Jones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as left lead arranger and sole bookrunner, in connection with a $370 million syndicated senior loan secured by 30 limited-service hotels located across 17 states. An additional $50 million of mezzanine debt was arranged by a leading investment manager in connection with the transaction.