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Mar

07

HFF Arranges $45M Refi for Hotel Portfolio

By Tony Seruga

The 441-key portfolio consists of two properties in Texas and two in Nashville.

Austin, Texas & Nashville, Tenn.—HFF announced it has facilitated a $45 million refinancing for a portfolio incorporating four Marriott-branded hotels located in College Station and Round Rock, Texas and Nashville, Tenn.

HFF worked on behalf of the borrower, Wheelock Street Capital LLC, to place the three-year, floating-rate loan with two one-year extensions with a national bank. The investment was used to take out existing acquisition financing and provide capital to continue Wheelock’s property improvement plan…

HFF Arranges $45M Refi for Hotel Portfolio

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