Largo Arranges $12,000,000 Hotel Refinance in Amherst, New York

July 6, 2026 – Amherst, New York – Jack Phillips of Largo Real Estate Advisors Inc. arranged a $12,000,000 loan to refinance the 102-room Staybridge Suites in Amherst, New York.
The property operates under a newly extended IHG franchise agreement and is owned by a strong and experienced hospitality sponsor with a long-standing presence in the Western New York market. The Staybridge Suites brand is well-positioned within the extended-stay segment, offering amenities and suite configurations that attract both corporate and leisure travelers.
Amherst is one of Western New York’s most active commercial and residential submarkets, benefiting from proximity to the University at Buffalo, major medical institutions, and established corporate demand generators in the region.
Largo Capital continues to actively finance hospitality assets across New York and throughout its national lending platform.