Printer-friendly version DALLAS, TX - August 27, 2014 – HFF announced today that it has arranged an acquisition financing for the Hyatt Place Houston/Sugar Land, a 214-room hotel in Sugar Land, Texas.
Working on behalf of the borrower, Noble Investment Group, HFF placed the five-year, floating-rate loan with Texas Capital Bank.
The Hyatt Place Houston/Sugar Land is located on 3.69 acres at 16730 Creek Bend Drive in Sugar Land at the intersection of Highway 6 and U.S. 59. The hotel, which opened in 2010, has 6,000 square feet of meeting space, round-the-clock food and beverage options, outdoor swimming pool, express check-in and check-out kiosks, complimentary shuttle service and a 24-hour fitness room and business center.
The HFF debt placement team representing the borrower was led by managing director John Bourret and director Colby Mueck.
Founded in 1993, the Noble organization specializes in making value-added, opportunistic investments in the lodging and hospitality real estate sector. Through its private equity real estate funds, Noble has invested more than $2.5 billion in upper upscale and upscale hotels located throughout the United States, which are affiliated with premium brands by Marriott, Hyatt, Hilton and Starwood. For additional information, please visit www.nobleinvestment.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 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 hfflp.com or follow HFF on Twitter at twitter.com/hff.