NATIONAL REPORT—Hotel Business is tracking deals. KHP Capital Partners, HFF and HHM have recently completed deals. Here are the details:
KHP Capital Partners Closes $361M Fund
KHP Capital Partners closed on $361 million of commitments for its fifth discretionary real estate fund, according to GlobeSt.com. The company plans to use the additional capital to acquire properties in need of enhanced branding and management.
Financing Secured for Four Seasons Hotel and Private Residences Nashville
Holliday Fenoglio Fowler, L.P. (HFF) has arranged $360 million in debt and equity financing for the development of the Four Seasons Hotel and Private Residences Nashville, a luxury mixed-use hotel and for-sale residential project in downtown Nashville, TN. Both the hotel and the for-sale residential units will be branded and operated by Four Seasons Hotels and Resorts. HFF worked on behalf of the developers, The Congress Group Inc. and AECOM Capital.
HHM Acquires DoubleTree by Hilton Hotel Atlanta Airport
HHM has completed its acquisition of the DoubleTree by Hilton Atlanta Airport, which features 220 guestrooms, 4,500 sq. ft. of updated meeting space, multiple food and beverage outlets, and a fitness center and swimming pool.