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Neptune Hospitality Advisors Arranges Refinancing of
Unizan Plaza Office Building in Downtown
Canton, Ohio
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SAN DIEGO, California - September 27, 2004 - Michael D. Armstrong, President of Neptune Hospitality Advisors, Inc., is pleased to announce his firm arranged first mortgage financing for the refinance of the 161,000 square foot Unizan Plaza Office Building in Canton, Ohio.  Neptune arranged the $6.0 million five-year 4.93% fixed rate loan through a Wall Street investment bank.

Unizan Plaza is a mixed-use project that includes the largest Class-A office building in downtown Canton, the 166-room Marriott Hotel, and a 500-space covered parking facility.  Canton is the home of the NFL Hall of Fame and is the hometown of America's 25th President, William McKinley.

The borrower, American Property Global Partners ("APGP"), is a private commercial real estate investment company headquartered in Charlotte, North Carolina. APGP primarily invests in office buildings and hotels.  Currently, APGP is invested in and manages 1.7 million square feet of office space and over 1,500 hotel rooms valued in excess of $200 million.

Neptune Hospitality Advisors, founded in 2001, is a national real estate firm specializing in the hotel industry with offices in San Diego, Dallas, Boston, and Honolulu.  Neptune's areas of expertise include hotel brokerage, debt and equity financing, and development advisory services.

For more information, contact Michael Armstrong at (858) 964-5678 or email mike@neptuneha.com or view the company website at www.neptuneha.com.

Contact

Neptune Hospitality Advisors, Inc.
The Aventine Building
8910 University Center Lane
Suite 500
San Diego, CA  92122
P. (858) 964-5678
F. (858) 964-5679
www.neptuneha.com
.
Also See: Neptune Hospitality Advisors Arranges Financing for Purchase of Palm Springs Area Hotel / September 2004
Neptune Hospitality Advisors Arranges Acquisition Financing of Nashville Hotel / June 2004
Neptune Hospitality Advisors Represents Purchaser and Arranges Acquisition and Renovation Financing of Albuquerque Hotel / March 2004


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