Noble Investment Secures Financing for Texas Hyatt Place
Thursday August 28th, 2014 - 9:23AM SHBZ
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SUGAR LAND, TX—Noble Investment Group has secured acquisition financing arranged by HFF for the 214-room Hyatt Place Houston/Sugar Land.
HFF placed the five-year, floating-rate loan with Texas Capital Bank.
The Hyatt Place Houston/Sugar Land is located on 3.69 acres at 16730 Creek Bend Drive at the intersection of Highway 6 and U.S. 59. The hotel, which opened in 2010, has 6,000 sq. ft. of meeting space, food and beverage options, outdoor swimming pool, express check-in and check-out kiosks, complimentary shuttle service and a 24-hour fitness room and business center.
The HFF debt placement team was led by managing director John Bourret and director Colby Mueck.
Tags: HFF • Noble Investment • Hyatt Place Houston Sugar Land • Texas • Hospitality • Brands • Ownership • Sources of Funding • Investment Funds •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.