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First Fidelity arranged $11 million of acquisition/bridge financing for the Holiday Inn – Market Center in Dallas, Texas. The transaction was placed with a leading North American bank on behalf of Corcoran Hotel Fund, LLC. The Holiday Inn – Market Center is a full-service trapezoidal-shaped hotel with 200 rooms, including 16 suites. The property features an outdoor pool, fitness area, business center and restaurant, along with 1,640 square feet of function space, and was selected as the first hotel to display the newest Holiday Inn hallmarks.
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