Hotel REIT Sub Closes $50M LOC

Winston Finance Partners LLC has finalized a $50 million credit facility, according to its parent company, Winston Hotels Inc., a real estate investment trust based in Raleigh, N.C.The three-year facility with Marathon Structured Finance Fund LP will allow Winston Finance to borrow up to $50 million to provide hotel loans to the lodging industry, the REIT said. This represents an expansion of Winston Finance's hotel lending program, Winston Hotels said. The parent company can be found on the Web at http://www.winstonhotels.com.

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