Indianapolis, January 13, 2026
CIM Group has secured a $167.67 million loan to recapitalize 15 WoodSpring Suites hotels in several states. This strategic financing aims to enhance operations and support expansion in the growing hospitality sector, reflecting strong investor confidence in extended-stay accommodations. The partnership with Concord Hospitality and Whitman Peterson aims to innovate service offerings in the hospitality market, highlighting a significant trend of institutional investments in this industry.
Indianapolis, Indiana – CIM Group has finalized a $167.67 million loan to Concord Hospitality and Whitman Peterson, aimed at recapitalizing a portfolio of 15 WoodSpring Suites extended-stay hotels across Florida, Michigan, North Carolina, and Tennessee. This loan comprises an initial $117.67 million, with an additional $50 million available for future expansion and earn-out opportunities. This financing underscores CIM Group’s strategic focus on the hospitality sector, particularly select-service and extended-stay properties.
WoodSpring Suites is recognized for offering economy extended-stay accommodations, featuring in-room kitchens and complimentary Wi-Fi. Amenities include 24/7 access to laundry facilities, vending machines, and fitness centers, with flexible nightly, weekly, and monthly rates. This transaction follows CIM Group’s recent $75 million loan for a select-service hotel in San Diego and aligns with their broader strategy to invest in the hospitality industry.
Concord Hospitality and Whitman Peterson are established players in the hospitality sector, managing a diverse portfolio of extended-stay hotels. The recapitalization is expected to enhance operational efficiency and support the expansion of their hotel offerings. CIM Group’s involvement in this loan reflects its ongoing commitment to the hospitality industry, focusing on select-service and extended-stay properties. In 2025, CIM-managed funds originated over $1 billion in commercial real estate loans, highlighting their active role in the sector.
The successful closure of this loan package demonstrates robust investor confidence in the extended-stay hotel market and positions CIM Group as a significant contributor to the sector’s growth and development. This development is part of a broader trend of strategic investments in the hospitality industry, as companies seek to capitalize on the growing demand for extended-stay accommodations. The partnership between CIM Group, Concord Hospitality, and Whitman Peterson is poised to drive innovation and enhance service offerings in the extended-stay hotel market.
The recapitalization is expected to strengthen the financial position of the involved parties, enabling them to pursue further growth opportunities and deliver enhanced value to their stakeholders. As the hospitality industry continues to evolve, strategic partnerships and investments like this are crucial for sustaining growth and meeting the evolving needs of travelers seeking extended-stay accommodations.
Strategic Financial Partnerships
The successful execution of this loan package highlights the importance of strategic financial planning and collaboration in achieving long-term success in the hospitality sector. This transaction also reflects the growing trend of institutional investors recognizing the value and potential of the extended-stay hotel market, leading to increased capital flow into the sector.
The partnership between CIM Group, Concord Hospitality, and Whitman Peterson is expected to set a precedent for future collaborations in the hospitality industry, demonstrating the effectiveness of strategic financing in driving growth and innovation. This successful closure is a positive indicator for the extended-stay hotel market, suggesting a favorable environment for future investments and developments in the sector.
Impact on the Hospitality Market
This development is anticipated to have a significant impact on the hospitality industry, influencing future investment strategies and operational approaches within the extended-stay hotel segment. The recapitalization is expected to enhance the competitive positioning of Concord Hospitality and Whitman Peterson, enabling them to better serve the needs of extended-stay travelers and capitalize on market opportunities.
The successful execution of this loan package underscores the importance of strategic financial partnerships in achieving sustainable growth and success in the hospitality industry. This transaction is a testament to the resilience and attractiveness of the extended-stay hotel market, highlighting its potential for growth and profitability in the current economic climate.
In conclusion, this recapitalization is expected to lead to improved operational efficiencies and enhanced service offerings, benefiting both the hotel operators and their guests. As companies seek ways to capitalize on the growing demand for extended-stay accommodations, partnerships like that of CIM Group, Concord Hospitality, and Whitman Peterson will play a pivotal role in the future of the hospitality industry.
Call to Action
As we witness these developments in the hospitality sector, it is important for local communities to support and engage with businesses that drive innovation and contribute to economic growth. Staying informed about such investments can equip residents and potential investors with insights into the evolving landscape of the Indianapolis economy.
FAQ
What is the value of the loan finalized by CIM Group?
The loan is valued at $167.67 million.
Who are the recipients of the loan?
The loan is to Concord Hospitality and Whitman Peterson.
How many hotels are included in this recapitalization?
The recapitalization involves a portfolio of 15 WoodSpring Suites extended-stay hotels.
What amenities do WoodSpring Suites offer?
WoodSpring Suites offers economy extended-stay accommodations with in-room kitchens, complimentary Wi-Fi, 24/7 access to laundry facilities, vending machines, and fitness centers.
What is the significance of this loan for the hospitality industry?
This loan reflects investor confidence in the extended-stay hotel market and supports the trend of strategic investments within the hospitality industry.
Key Features
| Feature | Description |
|---|---|
| Loan Amount | $167.67 million |
| Loan Recipients | Concord Hospitality and Whitman Peterson |
| Hotels Involved | 15 WoodSpring Suites extended-stay hotels |
| Amenities Offered | In-room kitchens, complimentary Wi-Fi, 24/7 laundry access, vending machines, fitness centers |
| Market Impact | Supports strategic investments and reflects investor confidence in the hospitality sector |
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Author: STAFF HERE INDIANAPOLIS WRITER
The INDIANAPOLIS STAFF WRITER represents the experienced team at HEREIndianapolis.com, your go-to source for actionable local news and information in Indianapolis, Marion County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Indianapolis 500, Indy Jazz Fest, and the Indiana State Fair. Our coverage extends to key organizations like the Indy Chamber and Visit Indy, plus leading businesses in motorsports and healthcare that power the local economy such as Indianapolis Motor Speedway and IU Health. As part of the broader HERE network, we provide comprehensive, credible insights into Indiana's dynamic landscape.
