ORLANDO—A seven-property, 2,566-key full servicehotel portfolio just secured a $110 million. Theproperties are in Florida, California, Virginia, Ohio, and NewMexico.

The seven properties are: the 266-key Sheraton Tampa East inTampa, FL; the 382-key Sheraton Orlando North and the 718-keyRadisson Orlando Celebration in Orlando; the 329-key Hilton Concordin Concord, CA; the 295-key DoubleTree Williamsburg inWilliamsburg, VA; the 300-key Crowne Plaza Columbus North inColumbus, OH; and the 276-key Sheraton Albuquerque Airport inAlbuquerque, NM.

HFF director Michael Weinberg,along with senior managing director and head of the firm's hotelgroup Dan Peek, senior managing directorTrey Morsbach, and real estate analystPreston Reid represented the borrower, a jointventure between Värde Partners, InterstateHotels & Resorts, and Waramaug HospitalityManagement. HFF secured the five-year, floating-rate loanthrough CCRE. Loan proceeds will be used to refinance existingdebt.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.