Monday, June 10, 2019

HFF announces sale of luxury apartment community in St. Charles, IL

Prairie Winds of St. Charles, a 250-home, luxury townhome-style apartment community in the Chicago suburb of St. Charles, IL

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Prairie Winds of St. Charles, a 250-home, luxury townhome-style apartment community in the Chicago suburb of St. Charles, Illinois.

Sean Fogarty
HFF marketed the property on behalf of the seller, Executive Capital Corporation.  TLC Management Co. purchased the offering for an undisclosed amount.

Prairie Winds of St. Charles is located at 2600 Prairie Winds Drive in St. Charles, which has been named Illinois’ No. 1 city for job growth by WalletHub. 

The community is approximately 40 miles west of downtown Chicago and offers nearby access to award-winning schools, leading healthcare options, premium shopping, upscale dining, outdoor recreation amenities and multiple top international and regional employers. 

 Completed in 2018, floor plans comprise a mix of one-, two- and three-bedroom townhome-style units averaging 1,254 square feet.  

Marty O'Connell
Homes feature condo-quality amenities, including gourmet kitchens, designer lighting packages, living room fireplaces, garden soaking tubs, walk-in closets, high ceilings, oversized private balconies or patios, full-size washers and dryers, and heated attached one- and two-car garages.  

Community amenities include manicured nature trails and a fish pond, outdoor resort-style pool, outdoor kitchen with grilling stations, fire pit, bark park, children’s playground, clubhouse with lounge seating and fireplace, billiards room, indoor lap pool, state-of-the-art fitness center with personal training services, and multiple conference rooms.

The HFF investment advisory team included managing directors Sean Fogarty and Marty O’Connell, senior director Wick Kirby, director Kevin Girard and analyst Kyle Butler.

About Executive Capital Corporation

Executive Capital Corporation, a wholly owned subsidiary of Executive Affiliates, Inc., performs real estate acquisition and disposition, as well as financing for the Big Rock Group of Companies.

Wick Kirby
Over the last 20 years, ECC has been involved in numerous real estate transactions valued at more than a billion dollars.  ECC is well positioned for opportunities to continue its pattern of growth into the future. 

About TLC Management Co.

TLC Management Co. is a Chicago-based company that exclusively owns and operates each of its buildings. 

 TLC is the largest single owner of apartment buildings in the Chicagoland area with 5,250 units in 16 sub-markets spread all over Chicago and Suburbs.

Kevin Girard


IL Lic. #475.117916
HFF Senior Director
(312) 980-3611

HFF Public Relations Specialist
(713) 852-3403

233-Room Le Meridien Hotel Planned in Arcadia, CA

Rendering of planned 233-room, $43.5 million Le Meridien Hotel 
in Arcadia, CA

Arcadia, CA, June 10, 2019 –Davis Hotel Capital, Inc., a premier hotel investment banking and mortgage brokerage firm with a focus on hospitality real estate, and National Property Inc., a California-based advisory and development company, today announced the companies have arranged construction financing of $43.5 million for the development of a 233-key Le Meridien Hotel in Arcadia, Calif.  The developer of the project is SAICP LLC.

Geoff Davis
Geoff Davis, senior principal of Davis Hotel Capital, and Robb MacMillan, president of National Property Inc., collaborated on the placement. 

The hotel conveniently will be located adjacent to Santa Anita Park, the Westfield Arcadia Mall and proximate to numerous growing areas, such as Pasadena.

“Patience, creativity and flexibility, particularly on the lender and developer’s parts, helped make this project a reality,” stated MacMillan. 

Added Geoff Davis, “It was a complex capitalization, involving a senior lender and an EB-5 component, but when it is all said and done, this is going to be an amazing hotel that the community will be proud to welcome.”

About Davis Hotel Capital (DHC): DHC is a boutique hotel advisory firm specializing in placing debt, structured finance and equity for hotel owners, as well as providing investment sales brokerage services and direct investment in various hotel projects. DHC is based in Denver, Colorado, with offices in New York and Washington D.C.

For addition information on the property, please contact:

     Robb MacMillan 
Geoff Davis 
Senior Principal

Chris Daly
(703) 435-6293

Top Performers Honored at 2019 Marshall Hotels & Resorts Leadership Conference

Mike Marshall
SALISBURY, MD,  June 10, 2019—Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, today announced its top-performers from the 2019 Marshall Hotels & Resorts Leadership Conference held at the Holiday Inn Lancaster in Pa.

“One of the highlights of my position is commending our associates for all of the diligent work they accomplish throughout the year," said Mike Marshall, president and CEO, Marshall Hotels & Resorts. 

Peter Donnelly
"As cliché as it sounds, we are nothing without our hardworking team. Through their tireless efforts, Marshall has grown from 55 to 65 hotels since our last conference.  

"The Marshall Hotels & Resorts Leadership Conference is the ideal arena for us collectively to take a moment and pat one another on the back, and to credit our top performing individuals and hotels.”

Jenifer Prokofiew
The event’s two most prestigious awards, the Charles L. Marshall Property Excellence Award and the Charles L. Marshall Excellence Award, are named after the company’s founder.  

The property excellence award winner is based on a combination of consistent leadership in market penetration, low employee turnover and year-over-year growth in both revenue and profits. 

George Metz
 The excellence award embodies the spirit of the company’s originator by consistently growing the GOP line and remaining within budgeted parameters no matter how difficult the situation presents itself. 

The complete list of winners includes:

  1. THE CHARLES L. MARSHALL PROPERTY EXCELLENCE AWARD 2018: The George Washington Hotel, A Wyndham Grand, Winchester, Va.
Patty Weist

  1. 2018 Best GOP as a Percentage of Budgeted GOP
    1. FULL SERVICE: The George Washington Hotel, A Wyndham Grand, Winchester, Va.
    2. SELECT SERVICE: The Bernic Hotel New York City, N.Y.
  2. Best RevPAR Index for 2018
Bonnie Goodman
    1. FULL SERVICE: DoubleTree by Hilton Hotel Binghamton, N.Y.
    2. SELECT SERVICE: Hampton Inn & Suites South, Fredericksburg, Va.
  1. Accounting Excellence 2018
    1. FULL SERVICE: DoubleTree by Hilton Hotel Binghamton, N.Y.
    2. SELECT SERVICE: Appomattox Inn & Suites, Appomattox, Va.
  2. Sales Team of the Year 2018: Grand Hotel & Spa, Ocean City, Md.
  3. People-Focused Leadership Excellence 2018: Jenifer Prokofiew, Hampton Inn, Salisbury, Md.
  4. Performance Excellence 2018: George Metz
  5. DOS of the Year 2018
    1. FULL SERVICE: Patty WeistDoubleTree by Hilton Hotel Binghamton, N.Y.
    2. SELECT SERVICE: Bonnie Goodman, The Bernic Hotel New York City, N.Y.
  6. GM Rookie of the Year: Andres Orozco, The Bernic Hotel New York City, N.Y.
  7. GM Regional MVPs
    1. Christine Sigler, Hampton Inn & Suites/Wyndham Garden Inn Marietta Atlanta North, Ga.
    2. Steve Mitchell, DoubleTree by Hilton Hotel Youngstown Downtown, Ohio
    1. Chris Porrazzo, Staybridge Suites Philadelphia Valley Forge 422, Royersford, Pa.
    2. Dennis Marcinik, The Virginian Hotel Lynchburg, Curio Collection by Hilton, Va.


Chris Daly, media
Daly Gray Public Relations
(703) 435-6293