HFF arranges $43 million financing for Hilton DFW Lakes

HFF has arranged $43 million in financing for Hilton DFW Lakes, a 395-room, full-service hotel and conference center in Grapevine, Texas.

HFF worked exclusively on behalf of the borrower, a joint venture led by Somera Capital Management along with affiliates of Zelman Development Company and Quorum Hotels & Resorts, to secure the adjustable-rate loan through Cornerstone Real Estate Advisers. The lender was represented in-house by Tom Cross.

The Hilton DFW Lakes is located at 1800 Highway 26 East close to the DFW International Airport. The property features two nine-story guest room towers plus 60,000-square feet of meeting space and a 14,400-square-foot exhibit hall.

The HFF team representing the borrower was led by director John Bourret and senior managing directors Dan Peek and Paul Brindley.

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