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.