HFF hires Tom Hall as a managing director in its New York office

       

Tom Hall

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced Tom Hall has joined its New York office as a managing director focused on loan and REO portfolio sales throughout the United States.  Mr. Hall will work alongside Brock Cannon, Sean Ryan and Patrick Arnold in HFF’s loan sales group.

Mr. Hall has more than 10 years of experience and joins HFF from Mission Capital, where he was a managing director.  Prior to Mission Capital, he spent time in the Special Assets department of BB&T and Colonial Bank.

“Tom has a wealth of experience and we are excited to welcome him to our team as we look to continue to be a market leader in the loan and REO sale space,” said Gerard Sansosti, executive managing director and co-head of HFF’s debt platform and loan sales team.  “By partnering with our existing specialists, Tom’s expertise in the business will strengthen our platform and expand our breadth of capabilities even more.”

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Public Relations

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

krmurphy@hfflp.com

HFF secures $12.6 million acquisition and repositioning financing for beachside hotel in Pensacola Beach, FL

Days Inn Hotel, 16 Via De Luna Drive, Pensacola Beach, FL

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $12.6 million in non-recourse financing for the acquisition and repositioning of the Days Inn Hotel, a 123-room beachside hotel located in Pensacola Beach, Florida.

Nicole Schmidt

HFF worked on behalf of the borrower, a joint venture between RREAF Holdings and Innisfree Hotels, to place the floating-rate loan with two one-year extension options with Benefit Street Partners Realty Trust.  Innisfree Hotels will be a partner in the hotel and will manage the property.

After renovations are complete, the three-story Days Inn hotel will have two outdoor, resort-style pools; a Tiki bar; upgraded landscaping; an additional seven guest rooms; fitness center; business center; beach access and sundeck. 

Jeff Bucaro

Situated on white sand beaches overlooking the Gulf of Mexico, the hotel is located at 16 Via De Luna Drive on Pensacola Beach’s Santa Rosa Island. 

The hotel is within walking distance to numerous popular restaurants and is proximate to major tourist attractions, including deep-sea charters, recreational water sports, Naval Air Station Pensacola and the Zoo at Gulf Breeze.

The HFF debt placement team representing the borrowers was led by director Jeff Bucaro and associate Nicole Schmidt.  This represents the 10th financing transaction completed by Bucaro for the two borrowers.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Public Relations

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

krmurphy@hfflp.com

http://innisfreehotels.com

http://rreaf.com.

HFF closes $31.2 million sale of Sheraton Orlando North Hotel

Sheraton Orlando North Hotel, 600 North Lake Destiny Road, Maitland, FL

Michael Weinberg

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $31.2 million sale of the Sheraton Orlando North Hotel, a 389-room, full-service hotel in the Orlando-area community of Maitland, Florida.

HFF marketed the property on behalf of the seller, a partnership between Värde Partners, Interstate Hotels Corporation and Waramaug Hospitality Asset Management.

 Cambridge Landmark purchased the asset free and clear of debt and unencumbered of management.  HFF was involved in a previous financing of this property in 2015 as part of a $110 million portfolio financing on seven full-service hotel assets in five states.

Located at 600 North Lake Destiny Road, the Sheraton Orlando North Hotel is at the intersection of Interstate 4 and Maitland Boulevard 3.1 miles from Winter Park and 8.3 miles from downtown Orlando.

The hotel is in the Maitland submarket proximate to 7.4 million square feet of office space and situated in the 226-acre Maitland Center Office Park, which is home to more than 400 businesses, including Worldwide Brands, Fidelity, FedEx and Charles Schwab. 

Preston Reid

The hotel features more than 15,000 square feet of meeting space; an outdoor pool with hot tub and resort-style water feature; fitness center; business center; on-site car rental services; Sheraton Club Lounge and several food and beverage outlets, An Tobar Irish pub-style restaurant Grande Café in the atrium lobby, Celestial Lounge and Link @ Sheraton Café. 

The new owners will invest $4 million to upgrade the rooms and common areas of the property.

The HFF investment sales team representing the seller was led by senior managing director Michael Weinberg and associate director Preston Reid.

“Orlando’s low supply growth over the past seven or eight years combined with unparalleled demand for room nights, including the 68 million visitors in 2016, have led to strong financial performance for most assets in our market,” Weinberg said.  “Like in this transaction, a number of the groups we have sold assets to or raised equity capital from over the past few years in Central Florida have been from oversees sources.  I see this trend continuing to grow due to the global awareness and connectivity of Orlando.”

HFF’s Hotel Team continues to be extremely active throughout the state of Florida, having closed 52 hotel-related transactions in the last 24 months, including Naples Grande Beach Resort, Sheraton Sand Key Resort, Sheraton Tampa Riverwalk Hotel, Hilton Key Largo and, locally in Central Florida, Embassy Suites Downtown Orlando, Hampton Inn Daytona Beach/Beachfront, Courtyard Lake Buena Vista and Holiday Inn Orlando SW – Celebration Area.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Public Relations

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

krmurphy@hfflp.com

www.interstatehotels.com.

 www.linkedin.com/company/interstate-hotels-resorts,

 www.facebook.com/InterstateHotels

 www.interstatehotels.com/careers

 www.waramaughospitality.com

https://varde.com.

JLL brokers sale of Las Vegas luxury apartment community

  

Volare Apartment Homes, Las Vegas, NV

John Cunningham

LAS VEGAS, NV – JLL’s Capital Markets experts announced the company completed the sale of Volaré Apartment Homes, a garden-style 360-unit Class A apartment community in Las Vegas. JLL represented the seller, a joint venture between Fore Property Company, The Strand Corporation and DG Development Corporation. Green Leaf Capital Partners purchased the property.

Executive Vice Presidents John Cunningham and Charles Steele led the JLL team on the sale.

“Investors were drawn by the premier amenities Volaré offers as well as its accessibility to major employment centers,” said Cunningham. “Las Vegas continues to see a resurgence in the multifamily market, especially for high-end assets.”

Located just off Interstate 15, Volaré is six miles from the Las Vegas Strip. The area is home to a young, educated workforce with an average household income more than 15 percent higher than Metro Las Vegas’s. It’s also next to Southern Highlands, a 2,750-acre master-planned community.

Volaré includes studio, one-, two- and three-bedroom units. In-unit amenities include wood-plank flooring, fireplaces, storage units, stainless steel appliances, granite countertops and full-size washers and dryers. Community amenities include a restaurant-grade kitchen, two swimming pools, an outdoor lounge patio with a TV and a fireplace, and an outdoor kitchen.

Charles Steele

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution.

In 2016 alone, JLL Capital Markets completed $136 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

For a complete copy of the company’s news release, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com