Monday, January 7, 2013

HFF arranges senior debt financing and preferred equity for Hilton Hotels in San Antonio, TX and Kansas City, MO



Hilton San Antonio Airport Hotel, San Antonio, TX
 LOS ANGELES, CA – HFF announced today that it has arranged senior debt financing and preferred equity for two Hilton Hotel locations totaling 731 rooms in San Antonio, Texas and Kansas City, Missouri.

HFF worked exclusively on behalf of Laurus Corporation to secure a $41 million, three-year, adjustable-rate loan through NXT Capital.  In addition, HFF assisted in securing a $15 million preferred equity investment on behalf of the borrower through an affiliate of Lowe Enterprises.  Loan proceeds were used to acquire and reposition/renovate the assets.

Hilton Kansas City Airport Hotel
 The Hilton San Antonio Airport hotel is located at 611 Northwest Loop 410 in San Antonio.  The 14-story property is situated on 3.7 acres and has 384 guestrooms with amenities such as a restaurant and bar, 16,000 square feet of meeting space, 24-hour business center, fitness center, pool and putting green.  

                The Hilton Kansas City Airport is located at 8801 Northwest 112th Street in Kansas City.  The 347-room property has 21,000 square feet of meeting space, a restaurant and bar, 24-hour business center, fitness center, pool, sauna, tennis courts and ballrooms.

Paul Brindley
The HFF team representing the borrower was led by senior managing directors Paul Brindley and Michael Ross along with managing director John Bourret.

                Laurus Corporation is a real estate investment and development company that specializes in hotels and resorts, office buildings, multifamily and mixed-use properties.

 Laurus employs an entrepreneurial investment strategy designed to consistently achieve attractive risk-adjusted returns by creating capital appreciation opportunities through repositioning, restructuring, re-development and intensive post acquisition asset management.  It is affiliated with Ethika Investments, LLC, a real estate investment firm.

Contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

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