Pacifica Capital Arranges Refinance of Arizona Hotel
DANA POINT, CA, June 26, 2007 - Chris A. Chiotis, Principal of Pacifica Capital & Brokerage, Inc., is pleased to announce his firm arranged first mortgage financing for the refinance of the 74-room Quality Inn & Suites Talavi located in Glendale, Arizona. Pacifica arranged the fixed rate deal (which included significant cash-out) through a Southern California based bank.
"Pacifica's well targeted and highly effective "auction-style" bidding process, allowed us to achieve the rate and terms we wanted and also provide us with cash-out" according to Quality Inn & Suites owner Victor Vashi.
The Quality Inn & Suites is well located in Glendale, AZ, one of Metro-Phoenix's fastest growing suburbs. Easily accessible via Interstate 17 and Highway 101, nearby attractions include Midwestern University, Glendale Community College, the Legend at Arrowhead, Bellair Golf Course and Coyote Lakes Golf Club.
About Pacifica Capital & Brokerage, Inc. - Dana Point, CA-based Pacifica is a boutique commercial real estate brokerage firm with focused experience in hospitality real estate. With a national reach and an emphasis in hospitality financing, Pacifica maintains solid relationships with the industry's most active and aggressive capital sources. Pacifica's depth of knowledge, coupled with its strong relationships allows them to strategically target capital sources that best fit their client's needs, yielding the most competitive rate and terms available in the market.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
