UC Funds Announces Grand Opening of Residence Inn Hotel in Stamford, Connecticut

STAMFORD, Conn.–(BUSINESS WIRE)–UC
Funds
, a vertically-integrated commercial real estate specialty
finance firm, announces the ribbon cutting for its new Residence
Inn Stamford Downtown
, located at 25 Atlantic Street in Stamford,
Connecticut. It is the first hotel in Stamford to offer extended-stay
lodging and serves as Downtown Stamford’s only all-suite property.

Daniel Palmier, Founder and CEO of UC Funds, and David Martin, Mayor of
Stamford, will cut the ribbon at Residence Inn Stamford Downtown today,
December 6, at 11 a.m. The ceremony will also include remarks by Mayor
Martin and Palmier, along with a champagne toast.

UC Funds acquired the asset in April 2017, after stalled construction
from its previous owner caused the site to sit untouched for two years.
UC Funds immediately set upon an accelerated construction timeline to
finish the project. The eight-story, 156-key hotel opened its doors
November 21, 2018. This Marriott-franchised
hotel is managed by Urgo
Hotels Resorts
.

“We’re honored to celebrate the opening of Residence Inn Stamford
Downtown after nearly two years of collaboration with the Marriott and
Urgo organizations,” said Palmier. “The hotel provides a new anchor for
the community and we expect the extended-stay offering to have a major
impact on Stamford’s continuing revitalization as a bedroom community
for Manhattan and a gateway to New England.”

UC Funds quickly expanded its Stamford portfolio, having acquired the
adjacent Courtyard
Stamford Downtown
in 2016. The Residence Inn construction marks the
latest move in the firm’s total capital commitment in excess of $100
million in Downtown Stamford and fulfills the growing demand for
downtown lodging among business travelers throughout the Northeast.

“The Residence Inn in Downtown Stamford will provide a unique lodging
opportunity for both corporate and leisure travelers to Stamford,” said
Mayor David Martin. “These accommodations are a successful example of
how Stamford’s business environment continues to thrive.”

The new Residence Inn features luxury apartment-style accommodations and
over 2,000 square feet of meeting and event space, ideal for corporate
travelers searching for sophisticated Manhattan-style lodging in a
central location. The hotel also boasts a state-of-the-art fitness
center, a mezzanine level outdoor bar, and a patio area. A tapas-style
restaurant and tequila bar located in the lobby provides the ONE CLUB
brand’s signature high-end service for guests and visitors.

The hotel lies 30 miles outside New York City and is within walking
distance of the Metro North railway station. It also sits within a
three-block radius of Downtown Stamford’s many restaurants and
attractions.

“The new Residence Inn will attract guests who have spending power and
will patronize restaurants and shops in the downtown area, generating
revenue for Stamford’s local businesses,” said Kevin Urgo, Principal and
Managing Partner at Urgo Hotels Resorts. “There is no doubt that UC
Funds’ investment will act as a catalyst for other investors and make
the area a more attractive option for residents and businesses alike.”

Palmier partnered for the second time with DES-SYN’s
Jillian Pritchard Cooke to capture UC Fund’s upscale ONE CLUB branding
and design, balancing natural light with hard surfaces to create a
welcoming color scheme throughout the hotel. This design was most
recently used in UC Funds’ acquisition and redevelopment of ONE
CLUB Gulf Shores
in Gulf Shores, Alabama.

Palmier and Pritchard Cooke collaborated closely to develop a synergetic
design for all guest rooms and common areas, using space and visual
points to create an atmosphere with panache and conducive to relaxation.
Pritchard Cooke’s DES-SYN team also incorporated their signature
sustainability, keeping health standards a top priority, avoiding
toxins, and ensuring all products emitted little or no gas.

The Residence Inn offers studio, one-bedroom, and two-bedroom suites and
features a two-story ceiling, a baby grand player piano, and a
fireplace. Other amenity highlights include complimentary Wi-Fi, a
whirlpool spa, a 2,000-square-foot 24-hour fitness center, and a 24-hour
market with on-the-go food, beverages, and snacks.

“The hotel is very attractive, in a beautiful location right in the
heart of downtown. The economic benefit is huge,” said Sandy Goldstein,
President of the Stamford Downtown Special Services District. “Dan
Palmier has been an incredible community partner. It has to be in your
DNA to know that it’s important to be a part of the community and quite
clearly Dan knows that.”

For information on the Residence Inn ribbon cutting ceremony please
email eosborn@gregoryfca.com
or call 212-288-1237. For booking inquiries, call the Residence Inn
Downtown Stamford at 203-564-5000.

About UC Funds

Founded in 2010 by Dan Palmier, UC Funds is a vertically integrated
commercial real estate specialty finance firm that originates,
structures, underwrites, and asset manages its estate investments. A
national balance sheet provider of both debt and equity capital
solutions, UC Funds has provided over $2 billion of capital solutions to
date. UC Funds offers quick and customized financial solutions
throughout the entire capital stack, including joint venture equity. One
of the nation’s most entrepreneurial lending institutions, UC Funds
focuses on multifamily, retail, office, hotel, industrial/warehouse,
adaptive reuse, and construction assets nationwide. The firm has
developed strong relationships with past and current borrowers through
their renowned customer service, creativity, speed, and reliability. In
July 2017 UC Funds announced the launch of their industry leading
non-recourse commercial mortgage bridge loan, UC GO. This is the
most transformative and competitive commercial mortgage product
available in commercial real estate. UC GO is now available at 85
percent loan to value and 0.5 debt service coverage ratio. The variable
rate non-recourse product, which starts at LIBOR +275, is available for
loans as little as $5 million. To apply for UC GO financing,
please contact Domenico Manago, Managing Director of Sales, at
857-288-2811 or email Dmanago@ucfunds.com.
For more information on UC Funds, visit www.UCFunds.com
or https://danielpalmier.ucfunds.com/.

UC Funds Announces Grand Opening of Residence Inn Hotel in Stamford, Connecticut

STAMFORD, Conn.–(BUSINESS WIRE)–UC
Funds
, a vertically-integrated commercial real estate specialty
finance firm, announces the ribbon cutting for its new Residence
Inn Stamford Downtown
, located at 25 Atlantic Street in Stamford,
Connecticut. It is the first hotel in Stamford to offer extended-stay
lodging and serves as Downtown Stamford’s only all-suite property.

Daniel Palmier, Founder and CEO of UC Funds, and David Martin, Mayor of
Stamford, will cut the ribbon at Residence Inn Stamford Downtown today,
December 6, at 11 a.m. The ceremony will also include remarks by Mayor
Martin and Palmier, along with a champagne toast.

UC Funds acquired the asset in April 2017, after stalled construction
from its previous owner caused the site to sit untouched for two years.
UC Funds immediately set upon an accelerated construction timeline to
finish the project. The eight-story, 156-key hotel opened its doors
November 21, 2018. This Marriott-franchised
hotel is managed by Urgo
Hotels Resorts
.

“We’re honored to celebrate the opening of Residence Inn Stamford
Downtown after nearly two years of collaboration with the Marriott and
Urgo organizations,” said Palmier. “The hotel provides a new anchor for
the community and we expect the extended-stay offering to have a major
impact on Stamford’s continuing revitalization as a bedroom community
for Manhattan and a gateway to New England.”

UC Funds quickly expanded its Stamford portfolio, having acquired the
adjacent Courtyard
Stamford Downtown
in 2016. The Residence Inn construction marks the
latest move in the firm’s total capital commitment in excess of $100
million in Downtown Stamford and fulfills the growing demand for
downtown lodging among business travelers throughout the Northeast.

“The Residence Inn in Downtown Stamford will provide a unique lodging
opportunity for both corporate and leisure travelers to Stamford,” said
Mayor David Martin. “These accommodations are a successful example of
how Stamford’s business environment continues to thrive.”

The new Residence Inn features luxury apartment-style accommodations and
over 2,000 square feet of meeting and event space, ideal for corporate
travelers searching for sophisticated Manhattan-style lodging in a
central location. The hotel also boasts a state-of-the-art fitness
center, a mezzanine level outdoor bar, and a patio area. A tapas-style
restaurant and tequila bar located in the lobby provides the ONE CLUB
brand’s signature high-end service for guests and visitors.

The hotel lies 30 miles outside New York City and is within walking
distance of the Metro North railway station. It also sits within a
three-block radius of Downtown Stamford’s many restaurants and
attractions.

“The new Residence Inn will attract guests who have spending power and
will patronize restaurants and shops in the downtown area, generating
revenue for Stamford’s local businesses,” said Kevin Urgo, Principal and
Managing Partner at Urgo Hotels Resorts. “There is no doubt that UC
Funds’ investment will act as a catalyst for other investors and make
the area a more attractive option for residents and businesses alike.”

Palmier partnered for the second time with DES-SYN’s
Jillian Pritchard Cooke to capture UC Fund’s upscale ONE CLUB branding
and design, balancing natural light with hard surfaces to create a
welcoming color scheme throughout the hotel. This design was most
recently used in UC Funds’ acquisition and redevelopment of ONE
CLUB Gulf Shores
in Gulf Shores, Alabama.

Palmier and Pritchard Cooke collaborated closely to develop a synergetic
design for all guest rooms and common areas, using space and visual
points to create an atmosphere with panache and conducive to relaxation.
Pritchard Cooke’s DES-SYN team also incorporated their signature
sustainability, keeping health standards a top priority, avoiding
toxins, and ensuring all products emitted little or no gas.

The Residence Inn offers studio, one-bedroom, and two-bedroom suites and
features a two-story ceiling, a baby grand player piano, and a
fireplace. Other amenity highlights include complimentary Wi-Fi, a
whirlpool spa, a 2,000-square-foot 24-hour fitness center, and a 24-hour
market with on-the-go food, beverages, and snacks.

“The hotel is very attractive, in a beautiful location right in the
heart of downtown. The economic benefit is huge,” said Sandy Goldstein,
President of the Stamford Downtown Special Services District. “Dan
Palmier has been an incredible community partner. It has to be in your
DNA to know that it’s important to be a part of the community and quite
clearly Dan knows that.”

For information on the Residence Inn ribbon cutting ceremony please
email eosborn@gregoryfca.com
or call 212-288-1237. For booking inquiries, call the Residence Inn
Downtown Stamford at 203-564-5000.

About UC Funds

Founded in 2010 by Dan Palmier, UC Funds is a vertically integrated
commercial real estate specialty finance firm that originates,
structures, underwrites, and asset manages its estate investments. A
national balance sheet provider of both debt and equity capital
solutions, UC Funds has provided over $2 billion of capital solutions to
date. UC Funds offers quick and customized financial solutions
throughout the entire capital stack, including joint venture equity. One
of the nation’s most entrepreneurial lending institutions, UC Funds
focuses on multifamily, retail, office, hotel, industrial/warehouse,
adaptive reuse, and construction assets nationwide. The firm has
developed strong relationships with past and current borrowers through
their renowned customer service, creativity, speed, and reliability. In
July 2017 UC Funds announced the launch of their industry leading
non-recourse commercial mortgage bridge loan, UC GO. This is the
most transformative and competitive commercial mortgage product
available in commercial real estate. UC GO is now available at 85
percent loan to value and 0.5 debt service coverage ratio. The variable
rate non-recourse product, which starts at LIBOR +275, is available for
loans as little as $5 million. To apply for UC GO financing,
please contact Domenico Manago, Managing Director of Sales, at
857-288-2811 or email Dmanago@ucfunds.com.
For more information on UC Funds, visit www.UCFunds.com
or https://danielpalmier.ucfunds.com/.

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