DALLAS--HFF has secured $28.17 million in construction financing to develop the 225-room, full-service Embassy Suites hotel to anchor the Civic Center redevelopment in Amarillo.
HFF worked on behalf of the developer, NewcrestImage, to secure the financing through Southwest Bank in Fort Worth.
Located at the intersection of 6th Avenue and Buchanan Street, the 200,000-square-foot Embassy Suites will be part of the planned improvements in downtown Amarillo that surrounds Amarillo's Civic Center, a multi-purpose convention center that will also include retail, a parking garage and an entertainment venue/ballpark.
The all-suite, Hilton-branded hotel will feature 30,000 square feet of meeting and function space, 300 parking spots in an adjacent garage for the exclusive use of the hotel, a lounge and lobby bar, pool, fitness center and full-service restaurant for breakfast, lunch and dinner. The hotel is expected to deliver in 2017.
Senior managing director Travis Anderson and director Jim Curtin led the HFF debt placement team representing the borrower.
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