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FINANCING NEWS
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HFF Arranges $5.75 Mil Refi Loan on Idaho Hilton Garden Inn

11/16/15

HFF recently arranged $5.75 mil in senior lien financing for the Hilton Garden Inn Boise/Eagle, a 98-room, lodge-style Hilton-branded hotel on the banks of the Boise River in Eagle, Idaho. The borrower is a partnership of Johnson Brothers Hospitality and Grossman Company Properties.

Developed by the borrower in 2003, the Hilton Garden Inn Boise/Eagle features river views, Garden Grille Restaurant, 24-hour Pavilion Pantry, a fitness center, indoor pool, whirlpool, business center and 3k sf of meeting space with capacity for up to 150 people. The full-service Bardenay Restaurant & Distillery, which provides in-room dining to hotel guests, is adjacent to the hotel.

The three-story hotel recently won a 2015 TripAdvisor Certificate of Excellence Award for outstanding reviews on the TripAdvisor website, the world’s largest travel site. Situated at 145 East Riverside Dr, the hotel is within the 90-acre Eagle River Development, which has office, retail, medical and hospitality facilities in addition to walking paths, water features and a municipal park. The hotel is in the northwestern Boise suburb of Eagle, which is 12 miles from downtown Boise.

HFF’s Tim Wright and managing director Scott Hall arranged the 10-year, fixed-rate loan through a life insurance company. Proceeds are being used to refinance the property.






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