Printer-friendly version TAMPA, FL - July 16, 2014 – HFF announced today that it has secured a $7.5 million refinancing for the Hampton Inn St. Petersburg.
HFF worked on behalf of the borrower, JMC Communities, to secure the 10-year, fixed-rate CMBS loan. HFF is servicing the loan, which will be used to refinance existing debt and update the lobby, meeting rooms and guest rooms.
The Hampton Inn St. Petersburg is a 91-room hotel located on Beach Drive in downtown St. Petersburg. It is within walking distance to the Salvador Dali Museum, Museum of Fine Arts and Museum of History and minutes to several nearby beaches. The hotel was built in 2003 and includes 4,180 square feet of retail space.
The HFF team representing the borrower was led by senior managing director Daniel Peek and director Michael Tabor.
HFF’s Hotel Group has been active in the sale and financing of similar hotels across the country. In the last 24 months, the firm financed or sold more than $1 billion of hospitality properties in Florida.
Building in Florida and South Carolina, JMC specializes in condominiums, single family homes, Traditional Neighborhood Development (TND) communities, resorts and commercial enterprises. Each is distinguished by thoughtful planning, innovative design, quality craftsmanship, attention to detail and unparalleled personal service. Learn more at jmccommunities.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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.