Hospitality Funding, Inc in partnership with SRF Ventures is pleased to announce the closing of a $60M construction loan for a new Cambria Hotel in downtown Austin, TX. This will be the fourth Cambria property with franchise partner Stratus Development Partners, LLC, with the hotel scheduled to open in 2023.
Located in a superb downtown location in the State’s Capital, the fifteen-story, 212-room Cambria property is within walking distance of Rainey Street, the Austin Convention Center, and the University of Texas.
The Capital is located along the Colorado River and often referred to Silicon Hills due to the strong presence of a variety of tech related companies.
Cambria Austin will also offer a rooftop bar and venue with separate street access.
Cambria hotels are designed to provide a unique and distinctive experience with the services and amenities that travelers demand, including chic décor, flexible spaces for meeting or socializing, and rooms that feel like an upgrade.
Hospitality Funding’s Chairman Scott Silver said, “Despite the Covid delay and a very challenging environment for hotel construction financing, we were able to deliver a great execution for our client Stratus Development. We are very pleased to close this transaction for the downtown Austin Cambria”
About Hospitality Funding Inc Hospitality Funding, Inc. is a boutique investment advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Hospitality Funding works with superior sponsors to find capital solutions that fit their specific goals for property acquisitions. For more information, please visit www.hospitalityfunding.com.
About SRF Ventures SRF Ventures is a boutique real estate advisory firm and direct lender providing a range of services in investment banking, asset and project management, investments and acquisition/disposition services.
About Stratus Development Partners, LLC Stratus Development Partners, LLC (“Stratus”) is a full-service real estate firm. Together, the highly talented team of principals encompass over 40 years of institutional development experience in origination, entitlement, repositioning, and management focused on value-added strategic acquisitions and innovative developments. To learn more, visit http://www.stratusdev.com/company.
Hospitality Funding Scott Silver 561-877-8122 www.hospitalityfunding.com
Iqaluit, NU – Oceans are vital to the livelihoods of communities across Canada. We’ve made tremendous strides in protecting our oceans, by working with provinces, territories, Indigenous peoples, and other marine stakeholders. In less than five years, Canada has progressed from less than one percent to almost 14 percent protection of its marine and coastal areas.
August 13, 2021
Iqaluit, Nunavut – Oceans are vital to the livelihoods of communities across Canada. We’ve made tremendous strides in protecting our oceans, by working with provinces, territories, Indigenous peoples, and other marine stakeholders. In less than five years, Canada has progressed from less than one percent to almost 14 percent protection of its marine and coastal areas.
On behalf of the Honourable Bernadette Jordan, Minister of Fisheries and Oceans and the Canadian Coast Guard, the Honourable Daniel Vandal, Minister of Northern Affairs and Olayuk Akesuk, Acting President of the Qikiqtani Inuit Association (QIA), today announced the expansion of the Nauttiqsuqtiit (Inuit Stewardship) Program in the community of Sanikiliuaq.
First piloted in 2018, and now operational in Arctic Bay, Clyde River, Grise Fiord, Pond Inlet, and Resolute Bay, the Nauttiqsuqtiit Program supports Inuit leadership as environmental stewards to guide marine conservation and management in the Qikiqtani Region. Today’s announcement will see $3.45 million invested over the next two years to support the launching and development of the Nauttiqsuqtiit Pilot Program in the community of Sanikiluaq. The program will provide employment opportunities, and support Inuit led research and monitoring activities to ensure Inuit knowledge is used to inform marine management in Qikiqtait (Belcher Islands).
By continuing to work in collaboration with Indigenous, provincial and territorial governments, the Government of Canada is committed to protecting and conserving 25 per cent of Canada’s oceans by 2025, working towards 30 per cent by 2030. Marine conservation is an effective nature-based solution that will help stem the tide of global biodiversity loss and mitigate impacts due to climate change.
“Inuit were the first stewards of the Nuna, and their knowledge and leadership is critical to protecting its natural environment today. By partnering with the Qikiqtani Inuit Association, we can better protect marine ecosystems, combat climate change, and build a stronger, more sustainable blue economy in the North.”
The Honourable Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast Guard
“The expansion of the Nauttiqsuqtiit program across the Qikiqtani Region is vital to our blue economy strategy. This program is a driving force in the diversification of the Inuit economy—it brings in healthy country food, and provides support for safe on-the-land travel. We are pleased with today’s announcement and look forward to other opportunities to work with our federal partners.”
Olayuk Akesuk, Acting President of the Qikiqtani Inuit Association
“This week’s Intergovernmental Panel on Climate Change report has provided a stark reminder of the challenges we face due to global climate change, which are being felt the strongest in Northern communities. Now more than ever, we must support and build upon Indigenous knowledge to develop new ways of addressing common challenges. Today’s agreement with the Qikiqtani Inuit Association represents another step forward.”
The Honourable Daniel Vandal, Minister of Northern Affairs
Olivia McMackin
Press Secretary
Office of the Minister of Fisheries, Oceans and the Canadian Coast Guard
343-571-9193
Olivia.McMackin@dfo-mpo.gc.ca
Hedy Fry, Member of Parliament for Vancouver Centre, on behalf of the Honourable Bernadette Jordan, Minister of Fisheries and Oceans and the Canadian Coast Guard, will make an announcement on investments in Vancouver’s False Creek Small Craft Harbour.
Vancouver, B.C. – Hedy Fry, Member of Parliament for Vancouver Centre, on behalf of the Honourable Bernadette Jordan, Minister of Fisheries and Oceans and the Canadian Coast Guard, will make an announcement on investments in Vancouver’s False Creek Small Craft Harbour.
Date: Thursday, August 5, 2021
Time: 9:00 a.m. Pacific
Location: Zoom, via the provided access link
Note: Media planning to attend the event are required to register with Fisheries and Oceans Canada’s Pacific Region Media Relations at media.pac@dfo-mpo.gc.ca before Wednesday, August 4 at 5 p.m. A confirmation email containing the link and instructions for participating in the conference will only be provided to media representatives who have registered.
Leri Davies
Strategic Media Relations Advisor
Fisheries and Oceans Canada
C: 604-612-6837
leri.davies@dfo-mpo.gc.ca
Rachel Bendayan, Parliamentary Secretary to the Minister of Small Business, Export Promotion and International Trade, on behalf of the Honourable David Lametti, P.C., Q.C., Minister of Justice and Attorney General of Canada, will make a funding announcement related to the Université de Montréal Centre de Criminologie and the Bureau international des droits des enfants. Following the address to the recipients, Parliamentary Secretary Bendayan and the recipients will be available to media.
Date: Monday, July 19, 2021
Time: 11:15 a.m. (ET)
Journalists who want to participate must register by contacting media@justice.gc.ca with their name and media outlet. The MS Teams link and phone-in option will be provided to those who register.
Vancouver, British Columbia – Western Economic Diversification Canada
Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada (WD), announced over $8.3 million, through the Regional Relief and Recovery Fund (RRRF), for five tourism business support organizations in British Columbia. Projects funding enabled western tourism industry associations and destination marketing organizations to provide important services to local tourism companies.
Destination BC received $6.7 million for two projects:
$6.2 million to help Community Destination Marketing Organizations (CDMOs) to adapt their business models and cover some fixed costs; and,
$500,000 to deliver digital workshops and personalized coaching to help tourism businesses improve and adapt their digitalization.
Greater Victoria Visitors & Convention Bureau received $170,000 to develop and deliver a “Winter in the Capital City” program to assist Victoria businesses during COVID-19.
Metro Vancouver Convention and Visitors Bureau received $500,000 to organize winter promotions to assist Vancouver businesses devastated by COVID-19.
Thompson Okanagan Tourism Association received $850,000 to provide additional support for the BC Tourism Resiliency Program in the areas of health and safety, technology adaptation and real time travel data to assist tourism businesses in rural BC.
Tourism Industry Association of British Columbia received $100,000 to help tourism businesses mitigate the impacts of COVID-19 through research, education and safety.
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Government of Canada Regional Relief and Recovery Fund Saving Tourism Jobs in British Columbia
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Western Economic Diversification Canada working with tourism businesses to bolster the industry’s recovery efforts in western Canada
WD Homepage
WD Toll-Free Number: 1-888-338-WEST (9378)
TTY (telecommunications device for the hearing impaired): 1-877-303-3388
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