IHG Hotels & Resorts brings on new lending partner to drive US development

Tapping AVANA for a co-lending program, IHG hopes to spark American hotel growth.

HG Hotels & Resorts is working with a new partner on a co-lending construction program to spur hotel development for the brand company.

The new initiative with Glendale, Arizona-based asset management platform AVANA Companies provides an alternative, “borrower-friendly” financing option for hotel owners and developers who can apply for these loans.

AVANA and IHG are reportedly committing $250 million to these construction projects in the United States, focusing on the Even Hotels, Avid Hotels, Atwell Suites and Holiday Inn brands, according to a news release from AVANA.

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https://www.costar.com/article/693720854/ihg-hotels-resorts-brings-on-new-lending-partner-to-drive-us-development

‍This article was originally published on https://www.costar.com/. Accessed on Jan 28, 2025.

About AVANA Companies:
AVANA Companies (AVANA), founded in 2002, is an asset management platform aimed at building capital for a better tomorrow by stimulating economic growth, creating jobs, and contributing to sustainable projects. Headquartered in Arizona, USA with regional offices in Bahrain and Saudi Arabia, AVANA serves small businesses, entrepreneurs, institutional and retail investors, and credit unions in these markets. AVANA provides private credit commercial real estate loans through AVANA Capital, AVANA CUSO, Ezdaher.sa and LendThrive™. AVANA also offers private credit commercial investment opportunities to institutional and individual investors through AVANA Fund and EqualSeat™.