Hotel Online  Special Report

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Hotel Financial Strategies Arranges
$400,000,000 in New Financing
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Grand Sierra Resort

The $300,000,000 Grand Sierra Resort in Reno, Nevada, is the largest condo-hotel conversion in the United States.  825 rooms of the 1995 room / 27-story tower are being converted into luxury hotel condominiums. 

This initial phase will also include a renovation of all of the public areas, the casino, the 27-story hotel tower, and exterior amenities. Future plans include the development of the nation's largest water park and several condominium towers.  One of the unusual aspects was that we did a bond offering rather than a conventional mortgage.

Phoenix Inns

We also acted as the financial advisor on the acquisition and financing of the 11 property Phoenix Inn portfolio located in the Pacific Northwest.  The Phoenix Inns are a series of limited service all-suite hotels totaling 1057 rooms.

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Contact:

Steven H. Gold
Managing Director
Hotel Financial Strategies
9107 Wilshire Boulevard, Suite 250
Beverly Hills, California 90210
Telephone: 310-247-2101
Facsimile: 310-247-0374
  sgold@hotelfinancial.com
  www.hotelfinancial.com

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Also See: Hotel Financial Strategies Finances NumerousProjects Totaling $175,000,000 / September 2005
Hotel Financial Strategies Closes Seven Hotel Loans Totaling $109,000,000.00 / April 2005
Hotel Financial Strategies Arranges $41.5 Million Financing for Westin Hotel / October 2004
The Hotel Financial Consortium of Companies Expands with the Affiliation of Five Companies in Strategic Locations / September 2004

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