Sunday, September 13, 2015

HFF secures $14.4 million financing for Hilton Garden Inn El Paso / University in El Paso, TX

  
Hilton Garden Inn El Paso/University, 111 West University Avenue, El Paso, TX

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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