HFF Secures $13M in Financing for Marriott-branded Hotels in New Mexico and Maine

HARTFORD, CT – The Hartford office of HFF (Holliday Fenoglio Fowler, L.P.) has secured $13 million in financing for the Courtyard by Marriott (above photo) in Albuquerque, New Mexico and the Bangor Fairfield Inn (middle right photo) in Bangor, Maine.

HFF senior managing director Dana Brome (top right photo) and associate director Susan Larkin (middle left photo) worked on behalf of Ocean Properties, Ltd. to secure two separate seven-year, fixed-rate loans through ING Investment Management.

ING provided a $7.0 million permanent loan for the Albuquerque hotel and a $6.0 million permanent loan for the Bangor property on an uncrossed basis.

The Albuquerque Courtyard Marriott is located at 5151 Journal Center Boulevard close to Interstate 25 and Albuquerque International Sunport.

The property, featuring Santa Fe architectural design, has 150 guest rooms and 4,200 square feet of meeting and banquet space.

Located at 300 Odlin Road, the Fairfield Inn Bangor (photo at right) is a three-story, limited-service hotel located immediately adjacent to the Bangor International Airport and minutes from downtown Bangor. The property has 153 guest rooms and an indoor pool.

Ocean Properties Ltd, is one the largest privately-held hotel companies in North America, and was founded in 1969 by Mr. Tom Walsh.

With over 40 years of successful hotel management experience, Ocean Properties and its affiliate Atlific Hotels & Resorts have carefully built a network of properties that now stretch from the Atlantic Ocean to the Pacific Ocean in both the United States and Canada.

With a North American portfolio of over 100 properties both Ocean and Atlific are respected leaders in the hospitality industry and have gained the trust of the biggest hotel brands in the world including Marriott, Westin, Starwood, Holiday Inn, Hilton, Choice Hotels and Ramada.

CONTACTS:

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

Dana E. Brome, HFF Senior Managing Director, 860 275 6199, dbrome@hfflp.com