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.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

David Batchelor describes the shift to adjacent spaces as 'here to stay'

Absolute values for ADR and RevPAR were the highest that STR has ever benchmarked, but RevPAR’s growth rate was the lowest it’s been since 2010.

Accor launched a €300m share buyback as part of its plans to return €1bn to shareholders over the next 24 months.