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| Hyatt Regency Woodfield, 1800 East Golf Road, Schaumburg, IL |
CHICAGO, IL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $25 million in acquisition
financing for the Hyatt Regency Woodfield, a 468-room, full-service hotel
located in the Village of Schaumburg, a northwestern suburb of Chicago,
Illinois.
HFF worked on behalf of
the borrower, a partnership between T2 Capital Management, LLC, First Equity
Group and Aimbridge Hospitality, LLC, to secure floating-rate financing through
MidCap Financial LLC.
Loan proceeds were used to acquire the
property. Additional private capital
will be deployed by ownership for peripheral development of the 15-acre site,
including additional freestanding, fine-dining restaurants and a build-to-suit
office building with state-of-the art amenities.
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| Christopher Carroll |
The five-story Hyatt
Regency Woodfield underwent extensive renovations in 2009. The
property features the Fresh 1800 Restaurant and Bar, Starbucks Coffee
Bar, Hyatt Lounge for Hyatt Gold Passport members, indoor and outdoor pools,
24-hour fitness club and more than 30,000 square feet of meeting space,
including an outdoor terrace.
Located at 1800 East Golf
Road in Schaumburg, the Hyatt is directly across the street from the main
entrance to Woodfield Mall, the largest shopping center in Illinois and one of
the 10 largest enclosed malls in the U.S.
With more than 2.2 million
square feet of restaurant, retail and entertainment space and 27 million annual
visitors, Woodfield Mall is one of the top destinations for travelers in the
nation. Just off Interstate 90, the
property is situated 14 miles from O’Hare International Airport and 22 miles
from downtown Chicago.
The HFF debt placement
team representing the borrower was led by managing director Christopher Carroll.
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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