The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



FINANCING NEWS
Printer-friendly Version   Email an Associate
Focus Property Group to Build 233-Room Hilton Garden Inn in Denver

1/18/17

Focus Property Group has secured $69 mil in construction financing for the development of a 12-story, Hilton Garden Inn in Denver. The hotel, located at 20th St and Chestnut Place, adjacent to Denver’s Union Station, is being built around the historic Denver Hose Company No. 1 building, which will be restored and incorporated into the hotel.

The Hilton Garden Inn will contain 233 guestrooms and will feature banquet and meeting rooms, a fitness center and other hotel amenities. Davidson Hotels will be the operator of the hotel, Focus Property Group’s first hotel project.

Located in the heart of downtown Denver, Union Station acts as the city’s central transportation hub. The recently renovated train station features a unique mix of bars, restaurants and boutique shops.

Marc Sallette, David Treadwell, Mike Cantwell and Olga Lepow with CBRE Hotels’ Debt & Structured Finance teams in Houston and Denver arranged the 42-month, fixed and floating rate structured financing. It includes $18 mil in mezzanine debt as well as $8 mil in preferred equity. Bank of the Ozarks served as the senior lender, Artemis Real Estate Partners served as the mezzanine lender and EverWest Real Estate Partners served as the preferred equity lender.





Return to the Archive page
 
 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media