Business
Mag Mile Capital Closes $10.3 Million Financing for Delta Hotels by Marriott in Bristol, Virginia on Behalf of Hulsing Hotels
Bristol, Virginia--(Newsfile Corp. - April 27, 2026) - Mag Mile Capital, Inc. (OTCQB: MMCP) ("Mag Mile" or "the Company") is pleased to announce the successful closing of a permanent financing for the Delta Hotels by Marriott Bristol, a full-service hotel located in Bristol, Virginia. The transaction was structured as a 10-year fixed-rate loan for $10.3 Million with a 25-year amortization schedule and was arranged on behalf of Hulsing Hotels, the sponsor. The financing provides strategic...
About this update from Mag Mile Capital Inc.
[{"type":"text","content":"Bristol, Virginia--(Newsfile Corp. - April 27, 2026) - Mag Mile Capital, Inc. (OTCQB: MMCP) ("Mag Mile" or "the Company") is pleased to announce the successful closing of a permanent financing for the Delta Hotels by Marriott Bristol, a full-service hotel located in Bristol, Virginia. The transaction was structured as a 10-year fixed-rate loan for $10.3 Million with a 25-year amortization schedule and was arranged on behalf of Hulsing Hotels, the sponsor. The financing provides strategic cash-out proceeds to the ownership group and also facilitated a partial partner buy-in, allowing for an equity restructuring of the asset.","length":651,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":688,"url":"https://media.zenfs.com/en/newsfile_64/bc95abe0ff8cbc66edb1b64418b5a50d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HLP6js4VCgAOusM338mZOw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTEyMDE-/https://media.zenfs.com/en/newsfile_64/bc95abe0ff8cbc66edb1b64418b5a50d","width":550,"height":688}},"href":"https://images.newsfilecorp.com/files/12080/294352_delta_closing.jpg","hrefExternal":true},{"type":"text","content":"Delta Closing Tombstone","length":23,"tagName":"p","attribs":{}},{"type":"text","content":"To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12080/294352_delta_closing.jpg","length":127,"tagName":"p","attribs":{}},{"type":"text","content":"This transaction marks the fourth financing Mag Mile Capital has successfully completed on behalf of Hulsing Hotels, further cementing a long-standing partnership built on trust, execution, and a shared commitment to delivering superior capital solutions. A key factor in securing favorable permanent financing was the strength of the sponsorship's conviction in the asset: prior to this transaction, Hulsing Hotels invested over $6 million to convert the property from a Holiday Inn to a Delta Hotels by Marriott, a full-service Marriott International brand. That capital investment meaningfully elevated the property's profile, establishing it as one of the only full-service, premium-branded lodging options in the market — a competitive distinction that translates directly into a captive demand base and pri...