Concord Hospitality and Hamilton Community Foundation Open Courtyard by Marriott Hamilton After 15-Month, $12.5M Renovation

Property Expected to Bring Nearly 80 Jobs to Cincinnati/Dayton Suburb

HAMILTON, Ohio/RALEIGH-DURHAM, N.C.—Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators, in partnership with the Hamilton Community Foundation (HCF), announced that the 120-room Courtyard by Marriott Hamilton (dining room photo top right) opened March 11, following a 15-month, $12.5 million renovation..

The rebranded, Marriott property is expected to bring nearly 80 jobs to the community of 60,000.

Concord will manage the property. HCF Properties, LLC, a wholly-owned subsidiary of HCF, owns the hotel.

The property originally opened as the Hamiltonian, an independent hotel, in 1985.
“The Courtyard by Marriott Hamilton is opening at a critical time,” said John Guidugli, (middle left photo) HCF Properties, LLC board chair.

“While Hamilton is faring well despite the current economy, we consider the creation of nearly 80 jobs at a time when employment is disappearing nationwide, to be a major positive. We also expect that under the Marriott flag, the property will do very well. It is the only facility in the area large enough to host meetings and events, and is an attractive alternative to more expensive places like Cincinnati and Dayton.

“This property is also an important part of Hamilton’s identity. It’s been here for 25 years, and it has hosted all our local events,” Guidugli said. “We look forward to the hotel becoming a focal point of the community once again.”

The new Courtyard features a brand new indoor pool and 6,500 square feet of top-of-the-line meeting and banquet space, including the newly expanded Riverview Ballroom. The revamped ballroom now includes an extended pre-function space and boasts picture windows overlooking the Great Miami River.

The property is complemented by Amici’s, its on-site Italian restaurant and access to the amenities of the adjacent RiversEdge development. It also includes the new state-of-the-art Courtyard by Marriott lobby, including “Go-Board” and other “Refreshing Business” features.

“We continue to expand our management portfolio during this downturn, a testament to our ability to produce competitive results during all phases of the economic cycle,” said Mark G. Laport, (middle right photo) president and CEO of Concord.

“We’ve put an exceptional team in charge at this property and look forward to helping it reach its full potential. Hamilton is an attractive community with a solid economic foundation, and we’re glad to be here.”

Contacts:

Kelli Kurtz, Hamilton Foundation, (513) 863-1717

Melanie Boyer, Daly Gray Public Relations, (703) 435-6293

Arbor Closes 2 Fannie Mae Loans totaling $19M

Piedmont Plantation in Sumter, SC Receives $14.43M

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $14,431,000 loan under the Fannie Mae DUS® product line to finance the 252-unit complex known as Piedmont Plantation (top left photo) in Sumter, SC.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.22 percent.

The loan was originated by John Edwards, (top right photo) Vice President, in Arbor’s full-service Boston, MA lending office.

“This financing presented several significant challenges mainly related to the changes in the real estate taxes. Thankfully we were able to structure the loan in accordance with the client’s expectations. We were pleased with the opportunity to work closely with a strong owner and development team and look forward to continuing our business relationship with this important client.”

Cranbrook Centre Apartments in Southfield, MI Obtains $4.68M

UNIONDALE, NY (Mar. 11, 2009) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,680,000 loan under the Fannie Mae DUS® product line for the 132-unit complex known as Cranbrook Centre Apartments (bottom right photo) in Southfield, MI.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.10 percent.

The loans were originated by Michael Jehle, (bottom left photo) Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.

“The Borrower had a 10-year balloon payment that was soon due on a property that they had owned and managed for over 25 years,” said Jehle. “Arbor was able to provide very attractive financing to pay off this existing debt for another 10 years through our Fannie Mae DUS® product line.”

Contact: Ingrid Principe, P: 516.506.4298. F: 516.542.2555. IPrincipe@arbor.com
http://www.arbor.com/

Stephanie Sanker of GVA Advantis Norfolk Receives SIOR Pin

NORFOLK, VA-- GVA Advantis is pleased to announce Stephanie Sanker, (top right photo) CCIM, has received the Society of Industrial and Office Realtors (SIOR) designation.

Stephanie specializes in the sale and leasing of industrial properties throughout Hampton Roads.

In addition to Tenant/Buyer representation, Stephanie is well known for her Landlord/Seller representation. Stephanie prides herself on the creation and implementation of aggressive marketing plans and constant communication with her clients.

“The SIOR designation recognizes consistent performance at the top of the designee's market. Stephanie's tenacity and success have allowed her to qualify for this prestigious designation. She is to be congratulated for achieving this recognition", says Deborah Stearns, SIOR, CPM, Executive Director, Norfolk office.

Contact: Susan Childress, 213.8217s, childress@gvaadvantis.com

Paula Buffa Elected President of Westshore Alliance

TAMPA, FL – GVA Advantis announced that Paula Buffa, (top right photo) RPA, CCIM has been elected president of the Westshore Alliance. Buffa was officially installed as president on February 19, 2009 and will serve a two-year term.

Established in 1983, the Westshore Alliance is recognized as the “voice” that represents the Westshore business district, Florida’s largest commercial business district. The Westshore Alliance is dedicated to improving the quality of life for nearly 100,000 employees who work in Tampa's Westshore district.

Buffa has been an active member of the Westshore Alliance since 1999. She has served in several leadership roles, including chair of the Public Arts Committee for four years, board of directors member since 2000, member of the executive committee for the past five years and the organization’s secretary and president-elect in previous years. She is a graduating member of Leadership Westshore Class of 2000.

During her term, some of the initiatives Buffa will focus on include the viability of a new conference center for the Westshore business district, transportation and pedestrian plans for Westshore, and the addition of more public art in the Westshore business district.

“The Westshore Alliance has a track record of getting things done for the companies and people that work, live, play and shop in Westshore,” Buffa says. “We plan to continue that record during our twenty-sixth year of providing services to our business based, membership driven organization.”

Media contact: Lisa Hyde, 813 342 4752 lhyde@gvaadvantis.com