American Lending Center Expands California Portfolio with Investment in Home2 Suites, Tracy | Financial Buzz

American Lending Center Expands California Portfolio with Investment in Home2 Suites, Tracy

American Lending Center (ALC), a licensed non-bank lender, celebrated the opening of Home2 Suites, Tracy at the end of March. Illustrating the hospitality industry’s strong recovery in the wake of COVID-19, this marks one of three ALC investments which have opened their doors this past month.

One week into opening, the extended stay property has already made a strong debut, with their practical location amid Tracy’s distribution hub making their lodging options extremely attractive. While during the week the hotel reaps the benefits of its corporate surroundings, their proximity to several tournament fields has driven weekend business as well. Amenities include a meeting space for up to 60 guests, a spacious outdoor patio with barbecue grills and a heated pool.

“After a drawn out construction process due to COVID-19, we are very excited that Home2 Suites has opened,” said John Shen, ALC’s chief executive officer. “We are very familiar with California’s economic landscape and enjoy every opportunity to continue to bring meaningful foreign investment to the state.”

Despite anticipating a soft opening, occupancy rates over the last week have exceeded expectations, and the hotel already has several groups booked for May and June.

About American Lending Center

American Lending Center (ALC) is a licensed non-bank lender that has provided over 500 million dollars to American ventures and created nearly 40,000 full-time jobs throughout the US. ALC is a small business specialized lender supporting qualified borrowers nationwide.

Contacts

Sarah Neal

sneal@rasky.com

(617) 973-1612

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