Monday April 28th, 2014 - 10:34AM
PHOENIX—HVS Capital Corp. has arranged $36 million in structured financing for the Renaissance Phoenix Downtown Hotel here.
HVS Capital Corp. served as an exclusive financial advisor to the owner of the 527-room hotel. The property is located in the heart of the Phoenix urban core, close to Arizona State University, Cityscape, the Phoenix Convention Center and US Airways Center.
"This exceptional full-service property enjoys excellent competitive positioning in a market dominated by group and corporate demand," stated Bill Sipple, executive managing director of HVS Capital Corp. "Strong ownership and effective Marriott corporate management allows us to arrange long-term structured financing on very attractive terms."