Find Communities

News

Canandaigua, NY

Hotel - Construction

APRIL 17, 2019

ACRES Capital (“ACRES”) is pleased to announce the funding of construction completion, hotel stabilization, and condominium loan secured by a 5.85-acre lot in Canandaigua, NY. The waterfront mixed-use property will feature a 109 key Tapestry by Hilton Hotel and 44 residential condo units. The hotel will be an upscale destination leisure-based property for couples, families, corporate retreats, weddings, social functions, and special events.

Mark Fogel, President & CEO of ACRES commented, “We believe the loan represents an attractive opportunity to invest in a Hilton branded resort in a prime location at the northern end of Lake Canandaigua, a popular year-round, regional tourist destination that draws from the nearby Rochester, Buffalo and Syracuse markets.  Additionally, we are excited to work with Hay Creek, experienced hoteliers with design, development, and operations experience with internationally acclaimed hotel brands.”

MORE PRESS RELEASES

July 15, 2022

ACRES ORIGINATES $74.75M LOAN FOR WESTIN GWINNETT IN DULUTH, GA

DULUTH, GA (JULY 18, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, has…

READ MORE
May 16, 2022

ACRES ORIGINATES $24.9M LOAN FOR ANNAPOLIS SELF STORAGE IN ANNAPOLIS

Loan to fund the construction and stabilization of 751 self-storage units ANNAPOLIS, MD (May 6, 2022) – ACRES Capital Corp.…

READ MORE
April 25, 2022

ACRES ORIGINATES $19.25M LOAN FOR SAWYER & HUCK APARTMENTS IN MINNEAPOLIS 

Loan to fund the development of multifamily building with 83 residential units MINNEAPOLIS (April 25, 2022) – ACRES Capital Corp. (together…

READ MORE