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| John Bourret |
DALLAS, TX – HFF announced it has arranged an acquisition
financing for the Hyatt Place Houston/Sugar Land, a 214-room hotel in Sugar
Land, Texas.
Working on behalf of the borrower, Noble Investment Group,
HFF placed the five-year, floating-rate loan with Texas Capital Bank.
The Hyatt Place Houston/Sugar Land is located on 3.69 acres
at 16730 Creek Bend Drive in Sugar Land at the intersection of Highway 6 and
U.S. 59.
The hotel, which opened in 2010, has 6,000 square feet of
meeting space, round-the-clock food and beverage options, outdoor swimming
pool, express check-in and check-out kiosks, complimentary shuttle service and
a 24-hour fitness room and business center.
The HFF debt placement team representing the borrower was
led by managing director John Bourret and director Colby Mueck.
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| Colby Mueck |
Founded in 1993, the Noble organization specializes in
making value-added, opportunistic investments in the lodging and hospitality
real estate sector.
Through its private equity real estate funds, Noble has
invested more than $2.5 billion in upper upscale and upscale hotels located
throughout the United States, which are affiliated with premium brands by
Marriott, Hyatt, Hilton and Starwood.
For additional information, please visit
www.nobleinvestment.com.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |
www.hfflp.com
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