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Neptune Hospitality Advisors Arranges Re-financing
of Hilton Garden Inn Tampa North
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SAN DIEGO, California - -March 6, 2006 - Neptune Hospitality Advisors is pleased to announce that it has arranged the senior financing for the 148-room Hilton Garden Inn in Temple Terrace/Tampa, Florida on behalf of American Property Management Corporation.  Neptune arranged the $11.5 million five-year fixed rate loan through a national commercial real estate lender.  The note bears interest at a rate of 5.89% and is amortized over 30 years.  

Built in 2000, the hotel is located in the heart of the Tampa Oaks business complex amidst over two million square feet of office space; the hotel benefits from both its business clientele as well as it proximity to Busch Gardens and the University of South Florida.  “As a client driven advisor focused on our client’s business plans, we successfully placed this fixed rate financing in today’s favorable interest rate environment after have initially placing the acquisition financing for the owner 14 months ago,” commented Stan Kozlowski, Vice President of Neptune Hospitality Advisors. 

Based in San Diego, APMC was recently ranked as the 7th largest independent hotel management company by Hotel and Motel Management magazine in March 2005 and the 15th largest hotel owner by Hotel Business magazine in September 2005.  Michael Gallegos, President and CEO of APMC, was recently honored as Ernst & Young’s 2004 National Entrepreneur of the Year in the real estate industry.

Neptune Hospitality Advisors is a real estate investment bank dedicated to the hotel industry.  As a boutique, client-focused firm, Neptune provides a principal-to-principal focus and sophisticated approach to providing investment sales, financing and capital raising services, and advisory services to the hospitality industry.  

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 420
San Diego, CA  92122
P. (858) 964-5678
F. (858) 964-5679
www.neptuneha.com
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Also See: Neptune Hospitality Advisors Arranges Sale of Radisson Convention Center Hotel in Visalia, California / March 2006
Neptune Hospitality Advisors Arranges Acquisition Financing for Purchase of Hilton Salt Lake City Airport / November 2005
Neptune Hospitality Advisors Secures $10 million Debt Financing for Purchase and Renovation of 276 room Phoenix, Arizona Hotel / October 2005
Neptune Hospitality Advisors Structures $17 million Debt Financing for Purchase of 295-room Doubletree in downtown Albuquerque, New Mexico / October 2005
Neptune Hospitality Advisors Arranges Financing for Purchase of Historic Sheraton Gunter Hotel in Downtown San Antonio / July 2005
Neptune Hospitality Advisors Arranges Sale of Downtown San Diego Hotel / June 2005
Neptune Hospitality Advisors to 'Market for Sale' the Radisson Riverfront and the Radisson City Center Hotels in Saint Paul / June 2005
Neptune Hospitality Advisors Arranges $37 million Financing for Creative Hotel Associates Portfolio Recapitalization  / March 2005
Neptune Hospitality Advisors Arranges Financing for Purchase of Austin, Texas Hotel / November 2004
Neptune Hospitality Advisors Arranges Sale of Albuquerque Hotel / October 2004
Neptune Hospitality Advisors Arranges Financing for Purchase of Tampa-area Hotel / October 2004
Neptune Hospitality Advisors Arranges Refinancing of Unizan Plaza Office Building in Downtown Canton, Ohio / September 2004
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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