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| Hilton Garden Inn Boise/Eagle, Eagle, Idaho |
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| Tim Wright |
SAN DIEGO, CA, Nov. 10,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged $5.75 million in senior lien financing for the Hilton Garden Inn Boise/Eagle, a 98-room, lodge-style
Hilton-branded hotel on the banks of the Boise River in Eagle, Idaho.
HFF worked on behalf of
the borrower, a partnership of Johnson Brothers Hospitality and Grossman
Company Properties, to secure a 10-year, fixed-rate loan through a life
insurance company. Proceeds are being
used to refinance the property.
Developed by the borrower
in 2003, the Hilton Garden Inn Boise/Eagle features river views, Garden Grille
Restaurant, 24-hour Pavilion Pantry, a fitness center, indoor pool, whirlpool,
business center and 3,000 square feet of meeting space with capacity for up to
150 people.
The full-service Bardenay
Restaurant & Distillery, which provides in-room dining to hotel guests, is
adjacent to the hotel.
The three-story
hotel recently won a 2015 TripAdvisor Certificate of Excellence Award for
outstanding reviews on the TripAdvisor website, the world’s largest travel
site.
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| Scott Hall |
Situated at 145 East Riverside Drive, the
hotel is within the 90-acre Eagle River Development, which has office, retail,
medical and hospitality facilities in addition to walking paths, water features
and a municipal park.
The hotel is in
the northwestern Boise suburb of Eagle, which is 12 miles from downtown Boise.
The HFF debt placement
team representing the borrower was led by senior managing director Tim Wright and managing director Scott Hall.
According to HFF, the
success of the financing speaks to the quality location, the high-caliber
product and the established reputation of the brand.
For a complete copy of the company’s news release,
please contact:
KRISTEN M. MURPHY
HFF Associate Director,
Marketing
(617) 338-0990
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