Wednesday, July 16, 2014

HFF secures $7.5 million refinancing for Hampton Inn St. Petersburg


Hampton Inn St. Petersburg, FL

TAMPA, FL – HFF announced today that it has secured a $7.5 million refinancing for the Hampton Inn St. Petersburg.

Daniel C. Peek
HFF worked on behalf of the borrower, JMC Communities, to secure the 10-year, fixed-rate CMBS loan.  HFF is servicing the loan, which will be used to refinance existing debt and update the lobby, meeting rooms and guest rooms. 

The Hampton Inn St. Petersburg is a 91-room hotel located on Beach Drive in downtown St. Petersburg.  

It is within walking distance to the Salvador Dali Museum, Museum of Fine Arts and Museum of History and minutes to several nearby beaches.  

The hotel was built in 2003 and includes 4,180 square feet of retail space.

The HFF team representing the borrower was led by senior managing director Daniel Peek and director Michael Tabor. 

               HFF’s Hotel Group has been active in the sale and financing of similar hotels across the country.  In the last 24 months, the firm financed or sold more than $1 billion of hospitality properties in Florida.

Michael Tabor
               Building in Florida and South Carolina, JMC specializes in condominiums, single family homes, Traditional Neighborhood Development (TND) communities, resorts and commercial enterprises.  Each is distinguished by thoughtful planning, innovative design, quality craftsmanship, attention to detail and unparalleled personal service.  Learn more at jmccommunities.com.


For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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