Completed Transactions

The following is a representative list of completed transactions and accomplishments.
 



 
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Hyatt Regency Penn's Landing

$80,000,000 in Permanent First Mortgage Debt for the Hyatt Regency Penn's Landing - Philadelphia, PA was arranged on behalf of The Keating Group by HREC Investment Advisors



 
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Waterton Portfolio

Acquisition financing for the

  • Westin Hotel - Columbus, OH: $20,700,000
  • Sheraton Hotel - Madison, WI: $15,875,000

was arranged on behalf of Waterton Tactical Real Estate Fund I, LLC and Marcus Hotels & Resorts by HREC Investment Advisors

Funds provided by Capmark



 
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Comfort Suites BWI

The $17,550,000 Sale of the Comfort Suites BWI - Linthicum Heights, MD, a 137-key, First-Class property, was arranged on behalf of Nutmeg Magna Green, LLC by HREC Investment Advisors



 
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Somerset Hills Portfolio

The $30,000,000 Sale of the Somerset Hills Portfolio consisting of

  • The Inn at Somerset Hills
  • Somerset Hills Hotel

was arranged by HREC Investment Advisors



 
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Denver Hyatt Convention Center Hotel

HREC Development Resources acted as the Exclusive Lodging Advisor to the City and County of Denver in the sale of $354,825,000 in Project Revenue Tax Exempt Bonds.   Proceeds of the bond sale are being used for the construction of a 1,100-Room Hyatt Convention Center Hotel.



 
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First Hospitality Group, Inc.

$34,000,000 in Senior Debt was arranged on behalf of First Hospitality Group, Inc. for the:

  • Hampton Inn - Ann Arbor, Michigan
  • Hampton Inn & Suites - South Bend, Indiana
  • TownePlace Suites for Marriott - Bloomington, Indiana

By HREC Investment Advisors.



 
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Avalon and Governor Hotels

$43,000,000 in Debt and Equity Recapitalization was arranged on behalf of Grand Heritage Hotels for the Avalon and Governor Hotels in Portland Oregon by HREC Investment Advisors.



 
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Gulph Creek Hotel Portfolio

$50,500,000 in Permanent Financing for the Gulph Creek Hotel Portfolio consisting of four Hampton Inn Hotels and one Homewood Suites Hotel was arranged by HREC Investment Advisors.



 
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Gulph Creek Hotel Portfolio

The $92,000,000 Sale of the Gulph Creek Hotel Portfolio consisting of Four Hampton Inn Hotels and one Homewood Suites Hotel was arranged by HREC Investment Advisors.



 
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Hyatt Regency at Penn's Landing

Hyatt Regency at Penn's Landing in Philadelphia, Pennsylvania:  $53,000,000 in Permanent First Mortgage and Mezzanine Debt was arranged on behalf of The Keating Group by HREC Investment Advisors.



 
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The Lansdowne Resort - Leesburg, Virgina

The Lansdowne Resort in Leesburg, Virginia, a 297-room golf resort and conference center, was acquired by LaSalle Hotel Properties.  The $115,800,000 sale was arranged on behalf of Lansdowne Resort Limited Partnership/Lansdowne Resort Corporation by HREC Investment Advisors.



 
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Olympus Real Estate Partners

$16,000,000 in Permanent Debt Financing on behalf of Olympus Real Estate Partners for the La Posada De Santa Fe Resort & Spa was arranged by HREC Investment Advisors.



 
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Lodgian

$40,500,000 in debt financing was arranged on behalf of Lodgian for the:

  • Holiday Inn Oceanfront - Hilton Head Island, South Carolina
  • Crowne Plaza Pittsburgh Airport - Coraopolis, Pennsylvania
  • Radisson Hotel Phoenix Airport - Phoenix, Arizona
  • Crowne Plaza Phoenix Airport - Phoenix, Arizona

by HREC Investment Advisors.



 
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Magnolia Hotel - Dallas, Texas

$23,000,000 in debt financing for the Magnolia Hotel in Dallas Texas was arranged by HREC Investment Advisors.



 
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Marriott - Fort Collins, CO

The $41,675,000 Sale of the:

  • Marriott - Fort Collins
  • Courtyard by Marriott - Fort Collins
  • Residence Inn by Marriott - Fort Collins

was arranged on behalf of Ft. Collins Hotels, Ltd.; Harmony Hotels, Ltd.; and Oakridge Hotels, LLP by HREC Investment Advisors.



 
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Providence Biltmore Hotel

Debt and Equity Recapitalization was arranged for the Providence Biltmore Hotel in Providence, Rhode Island on behalf of Grand Heritage Hotels by HREC Investment Advisors.



 
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Radisson Hotel O'Hare

Radisson Hotel O'Hare - Rosemont (Chicago), Illinois.  A 467-key, full-service property.  The $26,000,000 Sale was arranged by HREC Investment Advisors.



 
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Radisson Hotel - Tampa, Florida

Radisson Hotel in Tampa, Florida.  A 282-key, full-service property.  The $20,500,000 Sale was arranged by HREC Investment Advisors.



 
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Sheraton Denver Tech Center Hotel

Sheraton Denver Tech Center Hotel in Greenwood Village, Colorado.  A 263-key full-service property.  The $11,500,000 Sale was arranged on behalf of Starwood Hotels & Resorts, Inc. by HREC Investment Advisors.



 
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Sheraton Crested Butte Resort, Colorado

Sheraton Crested Butte Resort, Colorado.  A 247-key, first-class, full-service ski mountain resort.  The $7,212,000 Sale was arranged on behalf of CDC Mortgage Capital, Inc. by HREC Investment Advisors.



 
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The Stanley Hotel

The Stanley Hotel in Estes Park, Colorado.  A 141-key, first-class, full-service Resort and Spa.  $13,000,000 in debt financing was arranged on behalf of Grand Heritage Hotel Group by HREC Investment Advisors.



 
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TownePlace Suites by Marriott Portfolio

HREC Investment Advisors acted as the Exclusive Lodging Advisor for Rocky Mountain Extended Stay, LLP in the $53,000,000 Sale of the TownePlace Suites by Marriott Portfolio, consisting of seven TownPlace Suites by Marriott Hotels in Denver and Colorado Springs, Colorado.



 
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The Concession Golf Course

$16,777,000 in Construction Debt for The Concession Golf Course in Sarasota, Florida was arranged by HREC Investment Advisors.



 
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Hilton Vancouver Hotel & Conference Center

HREC Investment Advisors acted the Exclusive Lodging Advisor to the City of Vancouver, Washington in the sale of $65,855,000 of Project Revenue Tax-Exempt Bonds.  Proceeds are being used for the site acquisition and construction of the Hilton Vancouver Hotel & Conference Center.



 
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Westin Lombard Hotel

HREC Investment Advisors acted as the Exclusive Lodging Advisor to the Village of Lombard, Illinois in the sale of $161,250,000 of Project Revenue Tex-Exempt Bonds.  Proceeds are being used for the site acquisition and construction of the 500-room Westin Lombard Hotel.