University Crossroads
Blacksburg, Virginia

Client
Newport Hospitality Group and Collegiate Inn of Blacksburg, LLC.

Description
New Marriott Residence Inn adjacent to the campus of Virginia Tech in Blacksburg, Virginia. The six-story, 126-room extended stay hotel will feature suites with fully equipped kitchens and living rooms, an indoor pool, and a 24/7 workout room.

Structuring
$18,667,500 construction loan.