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| Hyatt Place Arlington, Arlington, VA |
HFF worked on behalf of the borrower, a partnership between
Schupp Companies and LodgeWorks Partners, L.P., to secure the five-year senior
construction loan through EagleBank.
Additionally, HFF arranged mezzanine financing on behalf of
the borrowers through Endeavor Real Estate Group, Ltd.
The
new Hyatt Place Arlington will be located at 2401 Wilson Boulevard at the
intersection of Wilson Boulevard and North Adams Street in the Rosslyn-Ballston
corridor one block from the Courthouse Metro (Orange Line) and the Arlington
County Courthouse.
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| Cyrus Vazifdar |
In addition to the 161 hotel rooms, the hotel’s 93,000 square feet will contain 1,200 square feet of street-level retail space, a café and bar on the first floor and a two-level underground parking garage.
The hotel, which broke ground in January 2015, will be completed in 2016.
The HFF team was led by managing director Mark Remington and associate directors Cyrus Vazifdar and Neil Campbell.
“Schupp Companies and their partners are dedicated to the
Hyatt Place Arlington obtaining LEED Gold Certification, which would make the
property Arlington’s first LEED Gold hotel and Hyatt’s first LEED Gold Hyatt
Place in the United States,” Remington said.
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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