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| Country Inn & Suites at the Disney Resort, Disney Way and Clementine Street, Anaheim, CA |
SAN DIEGO, CA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $22.85 million in
construction financing to build Country
Inn & Suites at the Disney Resort, a 174-room, select-service hotel
located near Disneyland® parks in Anaheim, California.
HFF worked on behalf of a
development group led by SunCoast Properties, Inc. to secure the construction
loan through a commercial bank. The
hotel will be managed by Hospitality Management Corporation.
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| Aldon Cole |
The new Country Inn &
Suites hotel will be situated on a 2.6-acre site adjacent to the intersection
of Disney Way and Clementine Street, just off Interstate 5 (San Diego Freeway)
and within walking distance to Disneyland®, Disneyland California Adventure® and
the Anaheim Convention Center.
Additionally, the hotel will be approximately
two miles from both the Honda Center, home of NHL team the Anaheim Ducks, and
Angels Stadium, where the Los Angeles Angels of Anaheim MLB team plays.
The five-story hotel will
feature a resort-style pool and spa amenities, which will be heated by a
state-of-the-art solar heating system.
The hotel also will feature a fitness center, lobby bar, library
retreat, media center and a solar power generating installation on its roof. The 110,000-square-foot hotel is scheduled to
open in late 2016.
The HFF debt placement
team representing the borrower was led by senior managing director Aldon Cole.
According to HFF, the
success of the financing speaks to the quality location and capital’s
willingness to provide construction financing to qualified sponsors in strong
markets.
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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