SCRANTON, PA—Holliday Fenoglio Fowler, LP, arranged $15.13 million in financing and joint-venture equity for the 175-room Hilton Hotel and Conference Center here.
HFF directors Greg Labine and Janet Krolman worked on behalf of Linchris Hotel Corp. to secure the $9.6 million adjustable-rate loan through a national bank. Blue Vista Capital Partners, LLC contributed $5.5 million of joint-venture equity.
Proceeds were used to acquire the property, which was purchased unencumbered by a management contract.
Completed in 2003, the seven-story property has approximately 26,000 square feet of meeting space, a full-service restaurant and lounge, a Starbucks counter, heated indoor lap pool, fitness center, business center and spa treatment rooms.
The property is located at 100 Adams St. near Interstates 81, 476, 380 and 84 in downtown Scranton in eastern Pennsylvania.