176-room hotel in Charlotte gets $28M construction loan

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NorthMarq Capital has secured a $28 million construction loan for a new EVEN Hotel in Charlotte’s Central Business District, Re Business Online reported.

Local media reports suggest that the site was acquired by Mayfair Street Partners in 2017 to develop the 176-room hotel.

The hotel is part of Stonewall Station, a mixed-use project under development by Crescent Communities. The development includes a Whole Foods, 458 multifamily units, a 1,350-space parking deck and a 180-room Home2Suites hotel.

A construction timeline for the EVEN Hotel was not disclosed.

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