HFF Announces $36m Recapitalization Investment for Suburban Portland Residence Inn Hotel
SAN DIEGO, CA - November 28, 2017 - Holliday Fenoglio Fowler, L.P. (HFF) announces the $36 million recapitalization investment for the Residence Inn Portland Hillsboro/Brookwood, a 146-room hotel in the Portland suburb of Hillsboro, Oregon.
Working on behalf of the borrower, a partnership between Jansen Construction Company and Huntington Hotel Group, the HFF team placed the 10-year, participating mortgage with UBS Asset Management.
Residence Inn Portland Hillsboro/Brookwood is situated on 4.9 acres at 3160 Northeast Brookwood Parkway in the heart of Silicon Forest in Hillsboro 15 miles northwest of downtown Portland. The hotel is adjacent to Intel's Ronler Acres Campus; two miles from Orenco Station, Hillsboro's urban town center; and 10 miles from the Colombia River. Completed in June 2016, Residence Inn Portland Hillsboro/Brookwood features the 31sixty Bar, a barbeque and picnic area, indoor pool, fitness center, putting green, grocery shopping services, complimentary breakfast, MVP guest entertainment and high-tech meeting center. Additionally, the hotel has space for a 4,000-square-foot retail development and additional guestrooms.
The HFF team representing the borrower included senior managing director Timothy Wright, managing director Scott Hall and real estate analyst Aaron Lapping.
About Jansen Group
Jansen Group, and its related entities, specializes in the construction and development processes within the hospitality industry. Its sister company, Jansen Construction Company, is a hotel builder providing construction services to quality oriented hotel developers nationwide. The company focus is on providing the expertise needed to anticipate problems and streamline the complex and daunting process of hotel development and construction. The company is a family owned and operated business and value its customers as it would its own family. For more information, visit jansenconstructioncompany.com.
About Huntington Hotel Group
Huntington Hotel Group was founded in 1998 by Kevin Keefer and Brent Andrus with the vision of developing and managing premium brand select service hotels in markets with high barriers to entry. Huntington Hotel Group has developed 17 hotels over the past 18 years and operates a portfolio of 15 select service hotels with a total of over 2,400 rooms located in California, Maryland, Oregon, Texas, Utah and Virginia. Visit huntingtonhotelgroup.com for more information.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.