AJ Capital Partners Lands $52M Refi for Princeton, N.J., Hotel
Thursday, October 29, 2026 · first reported by Commercial Observer
AJ Capital Partners has refinanced the Graduate by Hilton Princeton, a 180-room hotel at 10 Chambers Street in Princeton, N.J., across from Princeton University. GreenOak, formerly BGO, originated a $52 million loan, according to Commercial Observer's sources. The loan runs three years with two 12-month extension options.
CBRE's Tom Rugg, Tom Traynor and Henry Fenmore arranged the financing. The hotel opened in 2024 and belongs to AJ Capital's Graduate Hotels portfolio of 33 properties near major higher education institutions.
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