HOUSTON, TX – HFF announced today that it has arranged an $85 million refinancing for The Houstonian Hotel, Club & Spa (top left photo) an 18.34-acre urban resort in Houston, Texas.Working on behalf of The Redstone Companies, L.P., HFF secured the fixed-rate loan. Capital was provided by AXA Equitable Life Insurance Company through its advisor, Quadrant Real Estate Advisors.
The Houstonian is situated on 18.34 wooded acres in the Galleria area and is Houston’s premier luxury hotel and fitness facility. The resort was ranked #25 among the World’s Best Business Hotels and #11 among top resorts by Travel+Leisure magazine in 2010.
In addition to 289 premier guest rooms, the property includes an award-winning health club and day spa as well as 26 meeting spaces. Renovated in 2003, hotel amenities include 24-hour room service, valet parking, bar, café and two full-service restaurants, access to the private Houstonian Club and preferred access to Redstone Golf Club, home of the Shell Houston Open PGA TOUR event.
The HFF team representing the borrower was led by managing director Matt Kafka (lower right photo) and real estate analyst Corby Chaffin.
For more information, please visit www.quadrantrealestateadvisors.com and www.redstonecompanies.com.
Contacts:
MATTHEW KAFKA
HFF Managing Director
(713) 852-3500
MYRA MOREN
HFF Director, Marketing
(713) 852-3500
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