Monday, June 10, 2013

HFF secures $10.65 million financing for Hampton Inn near Burlington, VT



Colchester Hampton Inn, Colchester, VT

BOSTON, MA – HFF announced today that it has secured $10.65 million in financing for the Colchester Hampton Inn, a 187-room, limited-service hotel in Colchester, Vermont.

Greg LaBine
                Working exclusively on behalf of Linchris Hotel Corporation, HFF placed the long-term, fixed-rate first mortgage with People’s United Bank.  Loan proceeds were used to refinance the existing loan and fund closing costs.

                The Colchester Hampton Inn is located at 42 Lower Mountain View Drive just off Interstate 89 and across from the Park at Water Tower Hill, home to companies including KPMG, Fletcher Allen Health Care and WPTZ Channel 5. 

The property is also convenient to both downtown Colchester and Burlington, Lake Champlain, Malletts Bay, Centennial Field, Fletcher Allen Medical Center, The Burlington International Airport and five area colleges and universities.

 The hotel features 6,264 square feet of conference space, an exercise facility and a 5,000-square-foot freestanding restaurant leased to the Lighthouse Restaurant.

                The HFF team representing Linchris Hotel Corporation was led by director Greg LaBine.

                “Due to the multiple demand drivers in the area, this hotel continued to exhibit strong performance even through the economic downturn,” said LaBine.  “Further, Linchris’ exceptional management ability drives better than average bottom line performance throughout their entire portfolio.  Those two factors made this an attractive loan opportunity for People’s United Bank.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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