Largo Capital Arranges $11.9M Refinance for Upstate New York Hampton Inn

January 9, 2026 – Upstate, New York – Jack Phillips of Largo Real Estate Advisors successfully arranged an $11.9 million permanent first mortgage to refinance the existing debt and partially fund a $4 million property improvement plan (PIP) for a 106-key Hampton Inn hotel in Otsego County.
Strategically located between Binghamton and Albany, the property benefits from strong regional demand drivers, including proximity to the National Baseball Hall of Fame and Cooperstown All-Star Village. The financing featured competitive terms to support the planned improvements and enhance the long-term value of this well-located hospitality asset.
Largo Capital continues to deliver tailored financing solutions across the hospitality sector throughout the Northeast.