Noble Investment Secures Financing for Texas Hyatt Place
Thursday August 28th, 2014 - 9:23AM SHBZ
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
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 •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.