HFF, Inc. : $581 million refinancing secured by HFF for 16-property national
hotel portfolio and golf course/tennis club
DALLAS, TX, June 3, 2013- HFF announced today that it has secured a $581
million refinancing for a 16-property, 4,798-room hotel portfolio and golf
course/tennis club located in major markets throughout the United States.
Working exclusively on behalf of affiliates of The Blackstone Group, L.P., HFF
placed the three-year, floating-rate loan with GE Capital Real Estate. The
loan has two one-year extension options.
The portfolio is comprised of 12 full-service hotels, four boutique hotels and
one golf course/tennis club. The hotels are: Sheraton San Francisco
Fisherman's Wharf in San Francisco, CA; Hilton Irvine-Orange County Airport,
and Marriott Irvine in Irvine, CA; DoubleTree Austin in Austin, TX; DoubleTree
Suites Indianapolis-Carmel in Carmel, IN; Hilton Clearwater Beach Resort in
Clearwater, FL; South Seas Island Resort in Captiva Island, FL; The Inns of
Sanibel (four boutique hotels) and The Dunes Golf and Tennis Club in Sanibel
Island, FL; DoubleTree Orlando-Universal in Orlando, FL; Hilton Cocoa Beach
Oceanfront in Cocoa Beach, FL; Hilton Key Largo Beach Resort in Key Largo, FL;
The Ritz-Carlton Pentagon City in Arlington, VA; and the Marriott
Princeton-Forrestal in Princeton, NJ.
The HFF team representing the borrower was led by senior managing directors
Trey Morsbach and Dan Peek and managing director John Bourret.
According to HFF, this was an exceptional opportunity to finance a
first-class, institutional sponsor with premium-branded assets in strong,
Blackstone (NYSE: BX) is one of the world's leading investment and advisory
firms. The firm seeks to create positive economic impact and long-term value
for our investors, the companies it invests in, the companies it advises and
the broader global economy. The firm does this through the commitment of
extraordinary people and flexible capital. Its alternative asset management
businesses include the management of private equity funds, real estate funds,
hedge fund solutions, credit-focused funds and closed-end funds. Blackstone
also provides various financial advisory services, including financial and
strategic advisory, restructuring and reorganization advisory and fund
placement services. Further information is available at www.Blackstone.com.
Follow on Twitter @Blackstone.
GE Capital Real Estate is a leading commercial real estate company, with
global assets of $43 billion and debt and equity activities in North America,
Europe and Asia-Pacific. It has 9,000 properties owned or financed worldwide
covering more than 130 million square feet. As a unit of General Electric
Company (NYSE: GE), it can offer access to the strength, industry knowledge
and global reach of one of the world's leading companies. Learn more at GE
Capital Real Estate.com
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned
by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a
leading provider of commercial real estate and capital markets services to the
U.S. commercial real estate industry. HFF together with its affiliate HFFS
offer clients a fully integrated national capital markets platform including
debt placement, investment sales, equity placement, advisory services, loan
sales and commercial loan servicing. For more information please visit
www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.
HFF Senior Managing Director
HFF Managing Director
HFF Associate Director, Marketing
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: HFF, Inc. via Thomson Reuters ONE
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