 |
| Cullen Aderhold |
DALLAS, TX – HFF announced it has secured $14 million in
financing for DoubleTree Suites by Hilton Hotel Atlanta - Galleria, a
154-key, all-suite hotel in Atlanta’s Cobb Galleria business district.
Working exclusively on behalf of the borrower, Encore
Hospitality, LLC, a division of Encore Enterprises, Inc., HFF secured the loan
through Latitude Management Real Estate Investors. Proceeds from the financing will be used to acquire the property
and implement the borrower’s plans for hotel upgrades.
The
full-service hotel is located at 2780 Windy Ridge Parkway, approximately eight
miles from downtown Atlanta. The
property is the closest hotel to the future site of the Atlanta Braves’ new
stadium and mixed-use complex.
The DoubleTree Suites amenities include a sun-lit atrium
lobby, the Edge Bar and Cliff Restaurant, fitness center, outdoor swimming
pool, 5,000 square feet of meeting space and a business center.
The HFF debt placement team
representing the borrower was led by associate director Cullen Aderhold.
 |
| Doubletree Suits by Hilton Hotel Atlanta - Galleria |
HFF’s Hotel Group has been active in the sale and financing
of similar hotels across the country.
In the first half of 2014, the firm financed or sold 44 hotels and
resorts with total transaction volume totaling nearly $1.2 billion.
For more information about Encore Enterprises, Inc., visit www.encore.bz or follow Encore Enterprises on Twitter @EncEnterprises.
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
No comments:
Post a Comment