HFF arranges financing for Hyatt Place Houston/Sugar Land

HFF arranged an acquisition financing for the Hyatt Place Houston/Sugar Land, a 214-room hotel in Sugar Land, Texas.
Working on behalf of the borrower, Noble Investment Group, HFF placed the five-year, floating-rate loan with Texas Capital Bank.

The Hyatt Place Houston/Sugar Land opened in 2010, and has 6,000 square feet of meeting space, round-the-clock food and beverage options, an outdoor swimming pool, express check-in and check-out kiosks, complimentary shuttle service and a 24-hour fitness room and business center.

The HFF debt placement team representing the borrower was led by managing director John Bourret and director Colby Mueck.