Neptune Arranges Acquisition Financing for Two Hampton Inns
SEPTEMBER 5, 2007. Neptune Hospitality Advisors today announced it arranged senior financing for the acquisition of the 100-room Hampton Inn and Suites in Charlotte, NC and the 111-room Hampton Inn in Columbia, SC. Neptune arranged two five-year fixed-rate loans totaling $16.73 million through an international investment bank. Approximately three million dollars will be spent renovating the two hotels.
The hotels were acquired by affiliates of American Property Management Corporation ("APMC"). Based in San Diego, APMC was ranked as the 8th largest hotel management company in the April 2006 issue of Hotel Business magazine and the 5th largest independent third-party hotel management company in the June 2006 issue of Hotel and Motel Management magazine and ranked 14 on the list of Top Hotel Owners and Developers according to Hotel Business magazine's December 2006 issue. With a portfolio value of over $1.8 billion, APMC currently owns and operates 45 lodging properties encompassing over 13,500 rooms and employs over 5,500 personnel throughout the United States.
Neptune Hospitality Advisors is a real estate capital advisory firm dedicated to the hotel industry. Headquartered in San Diego, and with an office in Austin, Texas, Neptune provides a full spectrum of capital advisory services including mortgage brokerage, joint venture capital raising, property sales and asset advisory services to the hospitality industry. Working with a wide variety of hotel owners, investors and capital sources, Neptune has completed hotel and resort transactions across the United States and Mexico.
For more information, contact Michael 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
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