 |
| Brian Carlton |
DALLAS, TX – HFF announced it has arranged financing for a
four-property hotel portfolio with assets in California, Colorado and Nevada.
Working on behalf of the borrower, InterMountain Management,
HFF placed the 10-year, fixed-rate loan with Redwood Trust.
The
portfolio consists of 449 rooms, which includes the 126-room Hyatt Place
and 96-room Homewood Suites located in Reno, Nevada; a 99-room Homewood
Suites located in Fort Collins, Colorado; and a 128-room Homewood Suites
located in Palm Desert, California.
The Hyatt Place, which opened in 2009, is located at 1790
East Plumb Lane in Reno and contains 1,800 square feet of meeting space, a
24-hour fitness center, indoor heated pool, outdoor hot tub spa and
self-service check-in and check-out kiosks.
Also in Reno is the
Homewood Suites, which was completed in 2008 and contains 1,201 square feet of
meeting space in addition to a fitness room, indoor pool and whirlpool, outdoor
hot tub and business center.
 |
| John Bourret |
It is located at 5450 Kietzke Lane. The Homewood Suites Fort Collins, located at
1521 Oakridge Drive, was completed in 2007 and features 988 square feet of
meeting space, a fitness room, basketball court, pool, tennis court and pool
table.
Completed in 2009,
the Homewood Suites Palm Desert is located at 36999 Cook Street and has a
basketball court, putting green, pool, fitness room and 1,200 square feet of
meeting space.
The
HFF debt placement team representing the borrower was led by senior managing
director Brian Carlton and managing director John Bourret.
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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