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| Rendering of planned Embassy Suites hotel, Amarillo, TX |
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| Travis Andeerson |
DALLAS, TX – Nov. 23, 2015
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured
$28.17 million in construction financing to develop the 225-room, full-service Embassy Suites hotel to anchor the
Civic Center redevelopment in Amarillo, Texas.
HFF worked on behalf of
the developer, NewcrestImage, to secure the financing through Southwest Bank,
the largest locally-owned bank in Fort Worth, Texas.
Located at the
intersection of 6th Avenue and Buchanan Street, the 200,000-square-foot Embassy
Suites hotel will be part of the planned improvements in downtown Amarillo that
surrounds Amarillo’s Civic Center, a multi-purpose convention center that will also
include retail, a parking garage and an entertainment venue/ballpark.
Amarillo is the 14th largest city in Texas and
the largest city in the Texas Panhandle.
The all-suite, Hilton-branded hotel will feature 30,000 square feet of
meeting and function space, 300 parking spots in an adjacent garage for the
exclusive use of the hotel, lounge and lobby bar, pool, fitness center and
full-service restaurant for breakfast, lunch and dinner. The hotel is expected to be complete in 2017.
The HFF debt placement
team representing the borrower was led by senior managing director Travis Anderson and director Jim Curtin.
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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