Tuesday, November 10, 2015

HFF secures $5.75 million refinancing for Hilton Garden Inn near Boise, ID

Hilton Garden Inn Boise/Eagle, Eagle, Idaho

Tim Wright
SAN DIEGO, CA, Nov. 10, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $5.75 million in senior lien financing for the Hilton Garden Inn Boise/Eagle, a 98-room, lodge-style Hilton-branded hotel on the banks of the Boise River in Eagle, Idaho.

HFF worked on behalf of the borrower, a partnership of Johnson Brothers Hospitality and Grossman Company Properties, to secure a 10-year, fixed-rate loan through a life insurance company.  Proceeds are being used to refinance the property.

Developed by the borrower in 2003, the Hilton Garden Inn Boise/Eagle features river views, Garden Grille Restaurant, 24-hour Pavilion Pantry, a fitness center, indoor pool, whirlpool, business center and 3,000 square feet of meeting space with capacity for up to 150 people. 

The full-service Bardenay Restaurant & Distillery, which provides in-room dining to hotel guests, is adjacent to the hotel. 

 The three-story hotel recently won a 2015 TripAdvisor Certificate of Excellence Award for outstanding reviews on the TripAdvisor website, the world’s largest travel site.

Scott Hall
 Situated at 145 East Riverside Drive, the hotel is within the 90-acre Eagle River Development, which has office, retail, medical and hospitality facilities in addition to walking paths, water features and a municipal park.  

The hotel is in the northwestern Boise suburb of Eagle, which is 12 miles from downtown Boise.

The HFF debt placement team representing the borrower was led by senior managing director Tim Wright and managing director Scott Hall.

According to HFF, the success of the financing speaks to the quality location, the high-caliber product and the established reputation of the brand.

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

HFF Associate Director, Marketing
(617) 338-0990

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