Wednesday, August 20, 2014

HFF arranges financing for four-property, multi-state hotel portfolio


Brian Carlton
DALLAS, TX – HFF announced it has arranged financing for a four-property hotel portfolio with assets in California, Colorado and Nevada.

Working on behalf of the borrower, InterMountain Management, HFF placed the 10-year, fixed-rate loan with Redwood Trust. 

               The portfolio consists of 449 rooms, which includes the 126-room Hyatt Place and 96-room Homewood Suites located in Reno, Nevada; a 99-room Homewood Suites located in Fort Collins, Colorado; and a 128-room Homewood Suites located in Palm Desert, California. 

The Hyatt Place, which opened in 2009, is located at 1790 East Plumb Lane in Reno and contains 1,800 square feet of meeting space, a 24-hour fitness center, indoor heated pool, outdoor hot tub spa and self-service check-in and check-out kiosks.

 Also in Reno is the Homewood Suites, which was completed in 2008 and contains 1,201 square feet of meeting space in addition to a fitness room, indoor pool and whirlpool, outdoor hot tub and business center. 

John Bourret
It is located at 5450 Kietzke Lane.  The Homewood Suites Fort Collins, located at 1521 Oakridge Drive, was completed in 2007 and features 988 square feet of meeting space, a fitness room, basketball court, pool, tennis court and pool table.

 Completed in 2009, the Homewood Suites Palm Desert is located at 36999 Cook Street and has a basketball court, putting green, pool, fitness room and 1,200 square feet of meeting space. 

               The HFF debt placement team representing the borrower was led by senior managing director Brian Carlton and managing director John Bourret.


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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