Monday, May 19, 2008

Hampton(r) Hotels Open 11 New Properties in April

Hampton Inn & Suites product counts for nearly all monthly hotel openings

MEMPHIS, TN—Hampton (www.hampton.com), the national brand of more than 1,500 mid-priced Hampton Inn® and Hampton Inn & Suites® hotels, opened 11 properties in April 2008, representing 1,135 new rooms.

(Top left photo shows lobby of Hampton Inn & Suites, Manchester, CT)

The new openings include one Hampton Inn hotel, eight Hampton Inn & Suites properties and two Hampton Inn & Suites by Hilton properties. All openings are franchised, newly constructed hotels.

(Middle right photo shows Hampton Inn & Suites Berkshires/Lenox, MA.)

“As our development pace continues to set record levels this year, we are thrilled with the demand for construction of our Hampton Inn & Suites product,” said Phil Cordell, senior vice president, Hampton Hotels.

“With the opening of 10 Hampton Inn & Suites hotels this month, it is clear that our suites product will continue to be a major player in the mid-scale hotel market.

(Hampton Inn & Suites Hotels, Toledo/Perrysburg, OH at middle right photo)

“We also are happy to announce that two Hampton Inn and Suites hotels have opened in Alberta, Canada this month, bringing our total hotel count in the country to 23, with four hotels currently under construction and scheduled to open by year-end 2009.”

(Middle left photo above shows Hampton Inn & Suites by Hilton, Edmonton/West, Alberta, Canada.)

For consumers who would like to take their hotel room experience home with them, Hampton has a program available online at www.hamptonhomecollection.com, where many of Hampton Hotels’ guestroom amenities are available for purchase.

(Photo at right below shows Hampton Inn Hotel, Norco, CA.)

CONTACTS:

Julie Tullbane, Daly Gray Public Relations, T 703-435-6293, F 703-435-6297
julie@dalygray.com

Tori Roberson/Charmaine Easie-Samuels
Hampton Brand Communications, (901) 374-5534

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

HFF Secures $5.2M Refinancing for Chappell Oaks Apartments in Belton, TX


HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has secured a $5.2 million refinancing for Chappell Oaks Apartments,(above photo) a 120-unit, Class A multifamily community in Belton, Texas.

HFF director Cortney Cole (top right photo) worked exclusively on behalf of the borrower, Chappell Hill Equity IV, Ltd. in arranging the 10-year, 5.75% fixed-rate loan through Wachovia Multifamily Capital, Inc. FNMA. Proceeds from the loan were used to retire the existing debt that was maturing.

Chappell Oaks Apartments is located on 12.8 acres at 200 Lake Road in northwest Belton (approximately mid-way between Dallas and Houston) close to the junction of Interstate Highway 35 and US Highway 190, as well as the Fort Hood Military Reservation, University of Mary, Hardin at Baylor and Texas A&M University College of Medicine.

(Middle left photo shows President George W. Bush greeting soliders at Fort Hood, Killeen, TX)

Completed in 1998, the property is 98% leased and features one-, two- and three-bedroom units averaging 1,076 square feet each. Community amenities include a controlled access gate and swimming pool with hot tub as well as detached and attached parking garages.


CONTACTS:

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 738 0990, lmcdowell@hfflp.com

Cortney R. Cole, HFF Director, 713 852 3500, ccole@hfflp.com

Arbor Teams Up with RealShare to Present Custom Conference in Dallas


How to Navigate the Capital Markets Storm with Agency Lending

UNIONDALE, NY--Arbor Commercial Mortgage LLC has partnered with the RealShare Conference Series to present an exclusive, complimentary breakfast roundtable discussion, How to Navigate the Capital Markets Storm with Agency Lending on June 10 at The Westin Galleria Dallas from 7:30 AM – 11 AM.


FHA and Fannie Mae can represent a lifeline to multifamily owners, investors and developers in the throes of today's credit crunch and liquidity crisis. The conference will focus on the emerging commercial real estate trends in the Dallas-Fort Worth area and how you can capitalize on them in this challenging economy.

The event will kick off with an overall economic forecast and evaluation by nationally acclaimed Chief Economist Dr. Sam Chandan (top right photo) of Reis, Inc., as well as a Dallas-Fort Worth market update by Brian O’Boyle, (middle left photo) the well-known Founder and Managing Broker of Apartment Realty Advisors’ Dallas office.


The esteemed panel will consist of Bud Malone, founder and former president of Malone Mortgage, Mike Brandenberger, (lower right photo) Owner and Operator of D4 Development Services and Wendy Stamnas, FHA Chief Underwriter for Arbor, who will discuss how different kinds of financing structures and solutions might be the key to many deals staying above water during this unprecedented capital markets and financing lockdown.

Registration for the free event is at http://www.arbor.com/fhaconference.aspx.


CONTACTS:

Lynne Viccaro at events@arbor.com or
call 1-800-ARBOR-10.

Ingrid Principe
Marketing Specialist
Arbor Commercial Mortgage, LLC
333 Earle Ovington Boulevard, Suite 900 Uniondale, NY 11553
PH 516-506-4298
FX 516-542-2555