Monday, November 23, 2015

HFF secures $28.17 million construction financing for development of Embassy Suites hotel in Amarillo, TX

Rendering of planned Embassy Suites hotel, Amarillo, TX

Travis Andeerson
DALLAS, TX – Nov. 23, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $28.17 million in construction financing to develop the 225-room, full-service Embassy Suites hotel to anchor the Civic Center redevelopment in Amarillo, Texas.   

HFF worked on behalf of the developer, NewcrestImage, to secure the financing through Southwest Bank, the largest locally-owned bank in Fort Worth, Texas.

Located at the intersection of 6th Avenue and Buchanan Street, the 200,000-square-foot Embassy Suites hotel will be part of the planned improvements in downtown Amarillo that surrounds Amarillo’s Civic Center, a multi-purpose convention center that will also include retail, a parking garage and an entertainment venue/ballpark.

 Amarillo is the 14th largest city in Texas and the largest city in the Texas Panhandle.  The all-suite, Hilton-branded hotel will feature 30,000 square feet of meeting and function space, 300 parking spots in an adjacent garage for the exclusive use of the hotel, lounge and lobby bar, pool, fitness center and full-service restaurant for breakfast, lunch and dinner.  The hotel is expected to be complete in 2017.

The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson and director Jim Curtin.

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 |

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