Sunday, September 11, 2016

HFF closes sale of and arranges $55 million financing for Hilton-branded hotel in Irvine, CA

Hilton Irvine/Orange County Airport, 18800 MacArthur Boulevard, Irvine, CA

Scott Hall
SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged $55 million in acquisition financing for the Hilton Irvine/Orange County Airport, a 306-room, full-service, Hilton hotel in Orange County’s business and retail district in Irvine, California.

HFF marketed the property on behalf of the seller, DiNapoli Capital Partners.  Infinity Realty Advisors purchased the asset free and clear of existing debt.  Additionally, working on behalf of the new owners, HFF placed the 10-year, fixed-rate acquisition loan with Goldman Sachs Mortgage Company.  HFF will service the loan. 

Hilton Irvine/Orange County Airport features 32,188 square feet of indoor/outdoor function space, a fully-equipped fitness center, business kiosk, heated outdoor pool, whirlpool, gift shop, 414 parking stalls and the full-service Aura Bar & Grill restaurant. 

The 10-story hotel recently underwent an extensive renovation that modernized indoor and outdoor spaces, including updating guest rooms, expanding the room count from 302 to 306, updating corridors and meeting spaces and redesigning the courtyard. 

Situated on 6.63 acres at 18800 MacArthur Boulevard, the hotel is across the street from the recently-expanded John Wayne International Airport. 

James Escarzaga
The hotel’s location near the intersection of Interstate 405 and MacArthur Boulevard provides easy access to more than 53 million square feet of office space and the Anaheim/Orange County Convention Center, the largest convention center on the West Coast, in addition to entertainment destinations, including Disneyland, Irvine Spectrum Center, Knott’s Berry Farm and several professional sports venues.

The HFF investment sales team representing the seller was led by managing directors Scott Hall, James Escarzega and Tony Malk.

The HFF debt placement team representing the new owner was led by managing director James Fowler.

“The Hilton Irvine is a high-quality asset that has benefited from strong performance growth associated with recent strategic capital improvements,” Hall said. “The underlying fundamentals for Southern California’s lodging market, specifically the submarket dynamics of Irvine, were key contributing factors to maximizing pricing for this transaction.”

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

Kristen M. Murphy
Director, Marketing
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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