HVS Capital Corp announced the successful arrangement of permanent financing for the Staybridge Suites Houston IAH and the Ramada Houston IAH hotels in Houston. HVSCC served as the exclusive financial advisor to the owners of the upscale airport hotels. The hotels are strategically located at Houston’s George Bush Intercontinental Airport. In addition to the airport, the hotels are proximate to numerous other demand generators, including General Electric’s new training facility, Halliburton’s headquarters, ExxonMobile’s headquarters, the Galleria and the Texas Medical Center.
“These outstanding properties are well positioned within this growing market to capture demand from one of the busiest airports in the world,” explains Bill Sipple, executive managing director of HVS Capital Corp. “Each of these properties was an excellent candidate for the placement of new low-cost debt, enabling each to improve the financial returns realized by their owners,” he added.