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AVANA Companies, a direct lender specializing in commercial loans, announces a new colending construction program with IHG Hotels & Resorts, one of the world's leading hotel companies. This collaborative initiative aims to accelerate U.S. hotel development within the IHG brand family. Hotel owners and developers seeking to build or convert properties under select IHG brands can apply for these loans, providing a crucial lifeline in a challenging lending environment.

The program offers a borrower-friendly alternative to standard financing through a competitively priced blended rate. It addresses financial hurdles in today's hotel investment landscape, where traditional lenders have tightened their criteria. AVANA and IHG will commit $250MM in construction loans for U.S.-based projects primarily across the EVEN Hotels, avid hotels, Atwell Suites and Holiday Inn brands.