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| Hilton Garden Inn El Paso/University, 111 West University Avenue, El Paso, TX |
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| Jason Bond |
CHICAGO, IL -- Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $14.4 million in first
mortgage financing for Hilton Garden Inn El Paso / University, a 153-room,
full-service hotel in El Paso, Texas.
HFF worked on behalf of
the borrower, TVO Groupe, to place the 10-year, fixed-rate loan with the
Chicago office of CCRE. Loan proceeds
will be used to refinance existing debt and fund future property improvement
plans.
Completed by the borrower
in 2006, the five-story Hilton Garden Inn El Paso / University features an
outdoor pool, fitness center, business center, 3,696 square feet of meeting
space and a full-service restaurant with lounge.
The hotel is located at
111 West University Avenue adjacent to the University of Texas at El Paso, a
four-year university with an enrollment exceeding 23,000 students.
The property is four miles northwest of
downtown El Paso along Interstate 10 and 10 miles from Fort Bliss, the
fastest-growing U.S. Army installation in the country.
Additionally, the Judson
F. Williams Convention Center is two miles from the hotel.
The HFF debt placement
team representing the borrower was led by associate directors Jason Bond and Michael Cosby.
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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