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, major markets. 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. CONTACTS: TREY MORSBACH HFF Senior Managing Director (214) 265-0880 email@example.com JOHN BOURRET HFF Managing Director (214) 265-0880 firstname.lastname@example.org KRISTEN MURPHY HFF Associate Director, Marketing (617) 338-0990 email@example.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. 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 the information contained therein. Source: HFF, Inc. via Thomson Reuters ONE HUG#1706817
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HFF, Inc. : $581 million refinancing secured by HFF for 16-property national hotel portfolio and golf course/tennis club
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