HFF Arranges $34 million in Two Loans for Valencia Group Hotels in Austin and San Antonio
HOUSTON, TX, November 16, 2005. The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged $34 million in two loans or hotels in Austin and San Antonio, Texas that are owned by affiliates of Houston-based Valencia Group.
HFF managing director Jeff Knowles and real estate analyst Matt Kafka worked on behalf of Valencia Group to secure the ten-year, fixed-rate refinancings through GE Real Estate. A $14 million loan amortizing over 25 years was secured for Hampton Inn & Suites, and a $20 million loan with a 30-year amortization schedule and two years interest-only was arranged for Hotel Valencia on the San Antonio Riverwalk. Valencia Group owns and operates luxury hotels under Hotel Valencia and Hampton Inn flags.
The Hampton Inn & Suites located at 200 San Jacinto one block from the Austin Convention Center in Austin, is the tallest Hampton Inn & Suites in the chain. Completed in 2002, the 16-story, 209-room hotel offers guests access to a fitness center, outdoor pool, guest laundry, boardroom and two conference rooms, as well as 104 parking spaces in a three-story garage.
Hotel Valencia is a 12-story, 213-room hotel located at 150 East Houston Street along the famed Riverwalk in downtown San Antonio. The AAA, four-diamond luxury property, which is affiliated with Small Luxury Hotels of the World, was completed in January 2003 and was listed as one of the "100 best new hotels in the world" by Cond'e Nast Traveler last year. Hotel amenities include in-room spa services, 24-hour room service, valet parking and twice daily maid service. "Both of these properties are among the newest hotels in their market and have seen tremendous success since their openings," said Knowles.
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