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.
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 pricing power. Lenders recognized the significance of that transformation, and the quality of the sponsorship, in underwriting a transaction in a select-demand market.
"Closing our fourth transaction with Hulsing Hotels is a reflection of the trust they place in us and the results we consistently deliver together," said Rushi Shah, Chairman and CEO of Mag Mile Capital. "This deal required us to tell a compelling story to the capital markets — one centered on a best-in-class sponsor who had already put their money where their mouth is with a $6 million brand conversion. When a sponsor makes that kind of commitment to an asset, lenders take notice, and that conviction carried the day."
The transaction further underscores Mag Mile Capital's ability to source and execute institutional-quality capital solutions for hospitality assets nationwide, including complex ownership restructurings and long-term permanent financing.
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