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| Sheraton Portsmouth Harborside Hotel, 250 Market Street, Downtown Portsmouth, NH |
BOSTON, MA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged a $35.5 million
refinancing for the Sheraton Portsmouth
Harborside Hotel, a 180-room, full-service hotel in Portsmouth, New
Hampshire.
HFF worked on behalf of
the borrower, Lodgesys, to secure the 10-year, fixed-rate loan through Bank of
America. Loan proceeds were used to
refinance existing debt on the property.
The securitized loan will also be serviced by HFF.
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| Anthony Cutone |
The Sheraton Portsmouth
Harborside Hotel is located at 250 Market Street in the heart of downtown
Portsmouth.
This location places the
hotel within walking distance of numerous dining, shopping and entertainment
options including Merchants Row, Restaurant Row, Strawberry Banke Museum and
Prescott Park.
The hotel also has
convenient vehicular access to Route 1 and Interstate 95 and is less than 10
minutes from the Portsmouth International Airport at Pease.
Amenities at the
six-story hotel include a two-level
underground parking garage, 13,500 square feet of meeting space, a fitness
center, indoor pool, sauna, Link@Sheraton internet café and Two-Fifty Market,
the hotel’s restaurant and lounge. A
club level offers guests complimentary breakfast and evening hor d’oeuvres.
The HFF debt placement
team representing the borrower was led by managing director Anthony Cutone.
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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