Trellis originated a senior mortgage refinancing a luxury boutique hotel located among major sports, entertainment, and institutional anchors in a core downtown market undergoing meaningful revitalization. The asset is owned and operated by an experienced sponsor with a portfolio of independent lifestyle hotels. Current operations generate cash flow sufficient to service the debt, with a near-term amenity addition providing incremental upside.

The transaction required coordination across a multi-party capital stack, with Trellis structuring the senior position to accommodate existing subordinated financing. The business plan is supported by current operations and a defined value-add component.