Neptune Hospitality Advisors Arranges $5.5 mil to Refinance Texas Hotel
SAN DIEGO, CA, August 29, 2006. Neptune Hospitality Advisors announced today that it has arranged the senior financing for the 103-room Fredericksburg Inn and Suites in Fredericksburg, Texas. Located in the heart of the Texas hill country this leisure destination hotel is located one hour from both Austin and San Antonio. Neptune sourced the $5.5 million, 10-year fixed-rate loan through a national commercial real estate lender.
The property is owned by Croesus Capital Partners of Dallas, Texas and managed by Hospitality Management Corporation ("HMC") of Dallas, Texas. Acquired only 2 years ago, Croesus and HMC orchestrated a $1.2 million interior and exterior renovation making the hotel one of the premier hotels in the Texas hill country. Resort amenities include two pools, spa, outdoor caba~na with fireplace and grilling facilities complimenting the adjacent meeting rooms.
"The Fredericksburg Inn and Suites transaction is representative of Neptune's marketing prowess and strong lending relationships," commented Stan Kozlowski, Principal of Neptune Hospitality Advisors. "We were able to procure competitively priced financing on an independent, boutique hotel located in a tertiary area of Texas at significant leverage levels," added Gavin Davis, Principal of Neptune Hospitality Advisors.
Dallas-based Croesus Capital Partners was founded by Daniel Wenz and Randy Box in 2003. They currently own hotel, office, and retail properties throughout Texas. HMC was founded in 1971 as a third-party operator of hotel and resort properties.
Neptune Hospitality Advisors is a real estate investment banking firm dedicated to the hotel industry. As a boutique, client-focused firm, Neptune provides a principal-to-principal focus and sophisticated approach to providing investment sales, capital raising services, and advisory services to the hospitality industry.
For more information, contact Michael D. Armstrong at (858) 964-5678 or email mike@neptuneha.com or view the company website at www.neptuneha.com.
Neptune Hospitality Advisors, Inc.
The Aventine Building
8910 University Center Lane, Suite 420
San Diego, CA 92122
P. (858) 964-5678
F. (858) 964-5679
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 
