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HDS Secures Refinancing for Pair of West Michigan Hotels

Company to Use Proceeds to Take Out Maturing CMBS Loans, Renovate Staybridge Suites Hotels
HDS refinanced two hotels, including the Staybridge Suites Lansing-Okemos, pictured. (CoStar)
HDS refinanced two hotels, including the Staybridge Suites Lansing-Okemos, pictured. (CoStar)
By Jomo Crawley
CoStar Research
August 17, 2022 | 4:02 P.M.

Hotel Development Services secured $12.25 million in refinancing that will be used in part to upgrade two extended-stay hotels it owns in West Michigan.

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