Saturday, August 27, 2016

HFF arranges refinancing for waterfront hotel in downtown Charleston, SC

Courtyard Charleston Waterfront Hotel, Downtown Charleston, SC

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a refinancing for the Courtyard Charleston Waterfront, a 179-room, Marriott Courtyard-branded hotel located near the historic district in downtown Charleston, South Carolina.

Michael Weinberg
Working on behalf of the borrower, JMH Hotels, HFF placed the seven-year, fixed-rate loan with Prudential Mortgage Capital Company.  Loan proceeds will be used to pay off an existing loan.

Overlooking the Ashley River, the Courtyard Charleston Waterfront features a terrace with water and marina views, outdoor waterfront pool, fire pit, whirlpool, state-of-the-art fitness center, 1,428 square feet of meeting and event space, four wet boat slips and The Ashley River Café, a breakfast restaurant serving American cuisine.

 The five-story hotel’s planned renovations will, among other improvements, convert the existing restaurant to The Bistro, a full-service restaurant with a bar. 

 Situated on 3.8 acres at 35 Lockwood Drive, the hotel is adjacent to the medical campuses of the Medical University of South Carolina, Roper St. Francis Hospital and the VA Hospital. 

The property is also located proximate to the Charleston Historic District and is two blocks from both U.S. Highway 17 and the terminus of Interstate 26.

The HFF debt placement team representing the borrower was led by managing director Michael Weinberg.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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