| SAN DIEGO, California - - April 5,
2006 - - Neptune Hospitality Advisors announced today that it has arranged
the $49,050,000 senior financing for a 672-room Pinnacle Hotels USA Portfolio
located primarily in San Diego, California. The portfolio consisted
of 5 properties in San Diego County, California and one in Tulare County,
California. Neptune arranged the six individual, non-cross collateralized,
7 year loans through a national commercial real estate lender.
�The Pinnacle Hotels USA transaction represents one of the pillars of
our business philosophy, which is to become an integral part of our client�s
team and deliver unparalleled analytic and structuring advise with extraordinary
service levels unexpected by owners,� commented Stan Kozlowski, Vice President
of Neptune Hospitality Advisors. �We have worked with Pinnacle for
the past two years developing a relationship, learning their company and
portfolio and advising them on new transactions and financing opportunities,�
added Gavin Davis, Director of Neptune Hospitality Advisors. |
Howard Johnson Sea World / San Diego
3330 Rosecrans Street
San Diego, California
|
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.�The Neptune team consists of a trustworthy
group of individuals who understand their business extremely well; a team
that is totally committed and dedicated to the work at hand-they are truly
hands on from the very beginning to the funding of the loan. They will
produce results!� added Barry Lall, President of Pinnacle Hotels USA.
Based in San Diego, Pinnacle has a strong presence in San Diego having
owned and operated hotels in the market for over 7 years. The Company�s
portfolio currently consists of 20 properties.
 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, capital raising services, and advisory services to the
hospitality industry. Its principals have over $4 billion of real
estate and finance experience collectively.
For more information, contact Michael D. Armstrong at (858) 964-5678
or email [email protected] or
view the company website at www.neptuneha.com. |