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| 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.
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| 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.
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| 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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