Mag Mile Capital Inc. Secures $15.9 Million Financing for Strategic Hotel Acquisition
In a significant move within the hospitality sector, Mag Mile Capital Inc., a company traded on the OTC Bulletin Board, has successfully arranged a substantial $15.9 million financing package for the acquisition of the Hampton Inn El Paso, Texas. This strategic acquisition underscores Mag Mile Capital’s commitment to expanding its portfolio in the competitive Texas border market.
The financing package, announced on August 13, 2025, comprises a $13.9 million senior CMBS loan and a $2 million mezzanine loan. This arrangement represents over 80% loan-to-purchase price leverage, highlighting the confidence of financial institutions in the potential of this investment. The five-year, fixed-rate structure of the loans is designed to provide long-term stability for Nexgen Management, the Dallas-based hotel ownership and management firm spearheading the acquisition.
Nexgen Management, known for its extensive expertise in the Texas border market, will benefit from the strategic location of the Hampton Inn at 6635 Gateway Blvd W, El Paso, Texas. This acquisition is expected to bolster Nexgen’s presence in the region, leveraging the hotel’s prime location to attract both business and leisure travelers.
The transaction was orchestrated by Michael Taylor, Vice President of Originations at Mag Mile Capital, who played a pivotal role in securing the financing. This successful deal not only enhances Mag Mile Capital’s reputation in the financial sector but also demonstrates its ability to facilitate significant transactions for its clients.
Despite the recent volatility in Mag Mile Capital’s stock price, which closed at $0.35 on August 12, 2025, down from a 52-week high of $55 on January 15, 2025, the company’s market capitalization stands at approximately $35,019,565. The successful financing arrangement for the Hampton Inn acquisition is a positive development that may bolster investor confidence in the company’s strategic initiatives.
As Mag Mile Capital continues to navigate the complexities of the financial markets, this acquisition marks a significant milestone in its efforts to expand its influence and support its clients in achieving their business objectives. The company’s ability to secure such a substantial financing package reflects its expertise and commitment to fostering growth in the hospitality industry.