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Neptune Hospitality Advisors Arranges $39 million Loan
for the Purchase of the Hilton Suites Dallas North
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SAN DIEGO, California - - September 11, 2006 - - Neptune Hospitality Advisors announced today that it has arranged the senior acquisition financing for the 258-key all-suites Hilton Suites located in north Dallas at the intersection of Interstate 635 and the Dallas North Tollway.  Built in 2003, the 11-story full-service hotel is located adjacent to the Galleria Mall.  Neptune arranged the $39 million floating rate interest-only loan through a national commercial real estate lender.
 
The hotel was acquired by American Property Hospitality Management (“APHM”), an affiliate of American Property Management Corporation (“APMC”).  APHM plans an extensive renovation and repositioning of the hotel to a four-and-a-half star Le Meridien, a Starwood brand.  The hotel will become the most chic and luxurious hotel in north Dallas.  Based in San Diego, APMC was recently ranked as the 5th largest independent hotel management company by Hotel and Motel Management magazine in March 2006 and the 15th largest hotel owner by Hotel Business magazine in September 2005.
 
“This acquisition marks the second Dallas hotel purchase for APHM in the last three months.  In June, APHM bought the Wyndham North Dallas at the Galleria, which is becoming a Sheraton.  The Neptune team brought in-depth market knowledge and strong hotel financing skills to deliver financing to both of these transactions that fit our client’s specific needs,” commented Mike Armstrong, President/Principal of Neptune Hospitality Advisors, Inc. 
 
“Our auction process resulted in the highest proceeds at the lowest effective cost of borrowing for APHM while taking into consideration the prepayment flexibility they desired as they commence a comprehensive renovation and up-branding of the property,” added Stan Kozlowski, Principal of Neptune.  
 
Neptune Hospitality Advisors is a real estate investment banking firm 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.  
 
For more information, contact Michael D. Armstrong, at (858) 964-5678 or email mike@neptuneha.com or view the company website at www.neptuneha.com.
 
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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 $5 million Financing for Holiday Inn Mammoth Lakes / September 2006
Neptune Hospitality Advisors Arranges $5.5 million to Refinance Texas Hotel / September 2006
Neptune Hospitality Advisors Arranges $22 million Acquisition of Wyndham Dallas Hotel/ June 2006
Neptune Hospitality Advisors Arranges Sale of Downtown San Diego Hotel / May 2006
Neptune Hospitality Advisors Arranges $49 million Financing of 672 room Portfolio / April 2006
Neptune Hospitality Advisors Arranges $30 million Financing for Hansji Hotels / March 2006
Neptune Hospitality Advisors Advises Port Authority in Sale of the Two Largest Hotels in Downtown Saint Paul, Minnesota / March 2006
Neptune Hospitality Advisors Arranges $25 million Financing of Downtown San Diego Radisson Hotel / March 2006
Neptune Hospitality Advisors Arranges Re-financing of Hilton Garden Inn Tampa North / March 2006
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
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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
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