Plasencia Announces New Hotel Debt Placement Division
TAMPA, FL, November 27, 2006. The Plasencia Group, Inc., one of the leading national hospitality transaction and consulting services firms representing owners of hotels, resorts, and golf courses, has formed a Hotel Debt Placement division as part of its Capital Markets Group. According to CEO Lou Plasencia, this new division will place The Plasencia Group squarely in the hospitality lending arena, making the company a single source for all hospitality-related transactions.
Chosen as Managing Director of the new Debt Placement Division is Stephen Kindl, who has been a Regional Vice President with the firm. Mr. Kindl brings more than 20 years of experience in the real estate financing, acquisitions and sales arena. He has an extensive track record in successful client management, as well as capital market transactions, and has completed production volume of over $3.5 billion in financings, acquisitions and sales. The Debt Placement Division will be based in Connecticut and in close proximity to a variety of institutional lenders in the Northeast.
"Because of The Plasencia Group's long-standing relationships with the lending community and our dedicated hospitality focus, we are now enhancing our menu of client services," Plasencia stated. "Steve will be working with our seven regional offices to assist clients with debt placement and the short-term or long-term refinancing of their hotel portfolios. We have already received robust support from lenders as well as their strong enthusiasm to participate in the Debt Placement Division's efforts."
"We feel that the capital markets arena is a natural extension of the firm's service menu," said Kindl. "The Company has been financing hotels for many years on more of an informal basis. Formally establishing the Debt Placement Division will allow us to expand this line of business with dedicated professionals, while maintaining the comfort that our clients are being supported by seasoned regional sales people with local market knowledge."
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